Measuring Adequacy Of Retirement Income
In October, the Congressional Budget Office (CBO) released a report Measuring the Adequacy of Retirement Income; A Primer. Intended to explain the various measures and approaches that researchers apply today and to provide a framework for the additional analysis of adequate retirement income.
While the report focuses on the different measures and approaches; it did find that overall, across the studies, the share of current workers who were at risk of having inadequate income ranged from about one-third to two-thirds.
The report presented a framework for future analysis of the adequacy of retirement income and was prepared at the request of the Chairman of the Senate Committee on the Budget. As directed, the CBO’s report provides objective and impartial analysis but does not make any recommendations.
Here is a link to the report; https://www.cbo.gov/system/files/115th-congress-2017-2018/reports/53191-retirementadequacy.pdf