This paper explores the sources of income inequality among households aged 65 and older and the extent to which individual actions, competitive markets, and public policy can improve the financial well-being of those with low income. Three different types of retirement wealth are identified on...

Objective: This article examines the role Social Security plays in alleviating poverty among retirees in the context of threats to its solvency. Method: Examining long-term employment trends, declining access to defined benefit pensions and saving behavior can determine if in the more future...

Income inequality is exacerbated by labor market trends that increase the demand for high skill occupations and those in low skill service occupations. This hollowing out of the middle of the income distribution means that an increasing portion of households will be less prepared for retirement...