Study: Workers Overestimate Impact of Social Security on Retirement

A study by researchers at the University of Southern California’s Center for Economic and Social Research, cited by the Boston College Center for Retirement Research, finds that American workers tend to overestimate the impact of Social Security benefits on retirement security. This could lead to a lack of sufficient savings later in life.

Researcher: Half of U.S. Households Face Retirement Risk

Based on the recent release of the Federal Reserve’s 2019 Survey of Consumer Finances (SCF), as much as half of today’s current American households are at serious risk of not having enough resources in retirement. Some of these risks can be mitigated with financial products including reverse mortgages, but more action is needed to fix […]