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Fears of a Retirement Crisis Are Overblown
American Enterprise Institute [Opinion] July 23, 2019 "[F]rom 1979 to 2016, average incomes for working-age households rose 64% above inflation. Over that same period, average household incomes for retirees grew 104% above inflation. Put another way, in 1979 the average retiree household's income was equal to 73% of working-age households' incomes. By 2016, retiree incomes were equal to 91% of working-age households' incomes, despite retirees facing a lower cost of living, being more likely to have paid off their mortgages, and having smaller households to support." |
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