4/29/2004: Lifetime Earnings, Social Security Benefits, and the Adequacy of Retirement Wealth Accumulation (PDF)

Center for Retirement Research at Boston College

42 pages. Working paper by Eric M. Engen, William G. Gale, and Cori Uccello. Excerpt: We show that reductions in social security benefits could have significant deleterious effects on the adequacy of saving, especially among low-income households. We also show that, controlling for lifetime earnings, households with high current earnings tend to save far more adequately than other households.' Executive summary at http://www.bc.edu/centers/crr/papers/summary/wp_2004-10.pdf