little or no wealth by 2009 in any of these scenarios and that the cohorts just approaching retirement will have very little … to support themselves in retirement other than their Social Security. The projections also show that a large number of …

-market exit among older workers. Raising the retirement age is particularly concerning for near-retirement age workers with such … jobs. Despite the fact that the retirement age increase is supposed to encourage workers to work longer, many workers would … reduced benefits. An increase in the retirement age or other cuts in Social Security benefits are also likely to put a greater …

– mostly in the form of home equity – which they stood to lose as a result of the crisis. Since they are at or near retirement … benefit structure, 2. Accelerating and extending the increase in the normal retirement age, and 3. Reducing the annual cost …

There have been a number of proposals in policy circles that involve raising the Social Security retirement age. This … increases in longevity. This paper examines the impact of an increase in the retirement age on various demographic groups … retirement age from 67 to 70 (2 months a year for 18 years) on each quintile of the wealth distribution using data from the …

insurance; and has no employer-sponsored retirement plan. By our calculations, about 24 percent of U.S. workers were in a bad …