How Do Lower-Income Families Think about Retirement?

Levy, Helen; Seefeldt, Kristin S.

How Do Lower-Income Families Think about Retirement?

dc.contributor.author	Levy, Helen
dc.contributor.author	Seefeldt, Kristin S.
dc.date.accessioned	2009-02-12T16:03:22Z
dc.date.available	2009-02-12T16:03:22Z
dc.date.issued	2008-09
dc.identifier.uri	https://hdl.handle.net/2027.42/61824
dc.description.abstract	How do low-income households think about retirement? Do they think about retirement? If so, when do they think they will retire, and what is it they plan to live on? In this paper, we present evidence on these questions based on 51 qualitative interviews with low-income families in the Detroit area. We find that the great majority of low-income households think about retirement, although this does not necessarily mean they are able to plan and/or save actively for retirement. Most respondents plan to retire as soon as they become eligible for Social Security or, in a few cases, private pensions.	en
dc.description.sponsorship	Social Security Administration	en
dc.format.extent	99154 bytes
dc.format.mimetype	application/pdf
dc.language.iso	en_US	en
dc.publisher	Michigan Retirement Research Center, University of Michigan, P.O. Box 1248, Ann Arbor, MI 48104	en
dc.relation.ispartofseries	WP2008-195	en
dc.subject	WP2008-195	en
dc.subject	UM08-15	en
dc.title	How Do Lower-Income Families Think about Retirement?	en
dc.type	Working Paper	en
dc.subject.hlbsecondlevel	Population and Demography
dc.subject.hlbtoplevel	Social Sciences
dc.contributor.affiliationum	University of Michigan	en
dc.contributor.affiliationumcampus	Ann Arbor	en
dc.description.bitstreamurl	http://deepblue.lib.umich.edu/bitstream/2027.42/61824/1/wp195.pdf
dc.owningcollname	Retirement and Disability Research Center, Michigan (MRDRC)

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