Extreme Retirement Inequality Persists, Even Among Those With Similar Earnings

Teresa Ghilarducci, Siavash Radpour, Owen Davis and Anthony Webb ()

No 2019-01, SCEPA policy note series. from Schwartz Center for Economic Policy Analysis (SCEPA), The New School

Abstract: A first-of-its-kind analysis reveals sharp and persistent inequalities in retirement wealth. Using survey data matched with tax records, this study finds striking levels of retirement inequality within lifetime earnings groups as well as growing disparities between earnings quintiles. Retirement inequality mainly reflects the plight of low to moderate earners, rather than the outsize accumulations of the wealthy few. Measures to address retirement inequality should focus on those most disadvantaged by the failings of the U.S. retirement system.

Keywords: Retirement; Inequality; Wealth; Disparities; Retirement savings (search for similar items in EconPapers)
JEL-codes: D63 E21 J26 J32 (search for similar items in EconPapers)
Pages: 6 pages
Date: 2019-04
New Economics Papers: this item is included in nep-age, nep-mac and nep-ore
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Persistent link: https://EconPapers.repec.org/RePEc:epa:cepapn:2019-01

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