Baby Boomers' Retirement Prospects: An Overview

AARP Adequacy annual assuming average Baby Boom Retirement baby boomers baby-boom boomer households born from 1946 cohorts conclusions Congressional Budget Office Consumer Expenditure Survey consumption decline defined-benefit pension defined-contribution plans Douglas Bernheim elderly Engen expected Social Security Federal Fiscal Policy Brief future government benefits gross domestic product home equity households ages Households headed income and wealth income in retirement Kotlikoff Laurence Kotlikoff Lynch Baby Boom married couple Merrill Lynch Baby NIPA nomic Olivia Mitchell parents percent of households percent real rate personal saving Peter Svensson Population preboomers prepared for retirement programs projected rate of return replacement rate retire at age retirement age retirement income retirement needs retirement preparedness retirement prospects retirement wealth sample saving rates Security and Medicare Security Social Security SIPP Social Security Adminis Social Security Administration Social Security benefits Social Security Social standard of living Studies of Retirement taxes tion tirement typically workers