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Rathbone Too poor to retire Investment Report 2018

Too poor to retire

Why younger generations will have to
work more, save more or spend less

SKU: Too poor to retire Investment Report 2018 Categories: ,

Description

The savings shortfall

Numerous studies have predicted a
large retirement ‘savings gap’ — the
shortfall in current or projected pension
provisioning from a benchmark level of
retirement income. The figure of 70% of
pre-retirement income has become the
heuristic benchmark, often termed a 70%
‘replacement rate’. Though sometimes
criticised for arbitrariness, it is actually
supported by the economic and social
science literature since the 1960s
(Modigliani 1966).

Additional information

Date of Publication

2018

File Format

PDF

Pages

20