US. More households are prepared for retirement – but this good news might not last
Even with the improvement, two out of five households are still at risk, according to the National Retirement Risk Index. The release of the Federal Reserve's 2022 Survey of Consumer Finances (SCF) offers an opportunity to reassess Americans' retirement preparedness as measured by the National Retirement Risk Index (NRRI). The NRRI estimates the share of American households that are at risk of being unable to maintain their preretirement standard of living in retirement. Constructing the NRRI involves three steps: 1) projecting a replacement...