Older Workers Face Career Woes Even in a Strong Economy

As workers get older, their employment becomes increasingly difficult to maintain even in a generally prosperous economic climate. This is according to a study conducted by the Urban Institute, and recently highlighted by the Boston College Center for Retirement Research. Workers over the age of 50 have a higher likelihood of encountering an involuntary job […]

The Causes and Effects of an Early Retirement

Over a third of all American workers retire earlier than planned, and do so for various reasons that can relate to health, employment, family and finances, but these kinds of shocks still only comprise only a quarter of recorded early retirements. This indicates that other factors are at play, according to a new research brief […]

Social Security Minimum Benefits Fail to Prevent Senior Poverty

The Social Security program’s minimum benefit for retirees who have very low career earnings fails to prevent a beneficiary in this category from staying out of poverty, and the benefit itself is continually being eroded because of a design flaw. This is according to a new research brief released by the Boston College Center for […]

BCCRR: Public Investment Plans Make Riskier Investments Than Private Plans

Public sector investment plans invest more in riskier assets than private plans, even when controlling for a number of different factors. This is according to a research brief released by Boston College’s Center for Retirement Research (BCCRR). The basis of the research began with a long-held assumption about the investment activity of pension plans at […]

Baby Boomers Are Finding More Reasons to Retire Later

Since the 1980s and 1990s, there have been substantial increases in the number of seniors staying in the labor force through previously regular retirement ages, according to Wellesley College researcher Courtney Coile. She calls this one of “the most significant labor market trends” in the United States. According to her research, as many as 1 […]

Home Equity, If Used, Offers Big Boost to Retirees’ Income

If converted to income, untapped home equity for seniors in the United States and 10 European countries could make for a significant supplement to retirement income, according to data released by the Urban Institute and highlighted in a blog post at the Boston College Center for Retirement Research (BCCRR). “The typical retired U.S. household has […]

Retirees Increasingly Prone to Late-Life Financial Difficulties

Retirees are prone to disruptive late-life financial risks as life expectancy grows, including widowhood, financial mistakes attributed to a decline in cognitive abilities and high out-of-pocket healthcare expenses. This, according to a new brief released by the Center for Retirement Research (CRR) at Boston College. While currently-available research literature indicates that these kinds of financial […]

How States Could Use Home Equity to Help Seniors Defer Property Taxes

A property tax deferral program that lets homeowners use some of their home equity to supplement their retirement income could present a novel twist on equity extraction, according to a new brief from the Center for Retirement Research (CRR) at Boston College. Though such a deferral does not offer as much access to home equity […]