How much should Americans be saving for retirement?

A study was conducted to determine how much Americans should be saving for retirement. Data were drawn from the 1992 Health and Retirement Survey, which includes 12,652 participants aged 51-61 and their families. The Economic Security Planner or ESPlanner, a new financial-planning software package...

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Detalles Bibliográficos
Publicado en:American Economic Review Vol. 90; no. 2; pp. 288 - 293
Autores principales: Bernheim, B. Douglas, Forni, Lorenzo, Gokhale, Jagadeesh
Formato: Artículo
Publicado: American Economic Association May 2000
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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          Bernheim, B. Douglas
          Forni, Lorenzo
          Gokhale, Jagadeesh
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        Savings
        Retirement -- Planning
        Computer software
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          Savings
          Retirement -- Planning
          Computer software
      keyword: Economic security planner (Computer program)
      ab: A study was conducted to determine how much Americans should be saving for retirement. Data were drawn from the 1992 Health and Retirement Survey, which includes 12,652 participants aged 51-61 and their families. The Economic Security Planner or ESPlanner, a new financial-planning software package, was used to estimate how much households approaching retirement should save to accomplish certain objectives. Findings show that the ESPlanner recommended reasonably high saving rates for all but the poorest households. Moreover, the possibility of major cuts in Social Security benefits means that households need to save at much higher rates than would otherwise have been the case.
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    language: English
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