How will higher tax rates affect the National Retirement Risk Index?

Munnell, Alicia Haydock, Anthony Webb, and Francesca N. Golub-Sass. “How will higher tax rates affect the National Retirement Risk Index?”. Issue in Brief 10-19, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, December 2010. http://hdl.handle.net/2345/bc-ir:104242.
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Abstract

The brief's key findings are: (1) Increased taxes and spending cuts will be needed to bring the federal budget under control. (2) Relying heavily on tax increases would modestly raise the overall NRRI (the percent of households ‘at risk’ in retirement) from 51 to 54 percent. (2) But the NRRI would jump sharply for high-income Early Boomers, who face sharply higher income taxes and have little time to adjust. (3) And while Gen Xers would see little change in their ‘at risk’ status, higher taxes would reduce their consumption both before and after retirement.

Title
How will higher tax rates affect the National Retirement Risk Index?
Author
Munnell, Alicia Haydock
Webb, Anthony
Golub-Sass, Francesca N.
School
Carroll School of Management
Discipline
Finance
Center
Center for Retirement Research
Genre
report
Date Issued
December 2010
Publisher
Center for Retirement Research at Boston College
Series Title
Issue in Brief
Series Number
10-19
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104242
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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