Love, David A.; Smith, Paul A.; McNair, Lucy C. - Federal Reserve Board (Board of Governors of the … - 2008
We construct two measures of the current wealth adequacy of older U.S. households using the 1998--2006 waves of the … about 3.9 in 2006. However, we find that about 18 percent of households have less wealth than would be needed to generate … 105 percent, with about 13 percent of households experiencing replacement rates of less than 50 percent. Comparing the …