Yuh, Y., Montalto, C. P. & Hanna, S.
(1998). Are Americans prepared for retirement?. Financial
and Planning, 9 (1), 1-12.
Are Americans Prepared For Retirement?
This study estimates the adequacy of retirement wealth of
households using a 1995 national sample of households. Retirement
is projected using planned retirement age and portfolio allocation.
needs are estimated from expenditure functions, and 52% of the
were adequately prepared. Households that spent less than income were
more likely to be adequately prepared for retirement than similar
that spent at least as much as income. Planned retirement age had a
effect on adequacy, but household income had a moderate independent
Key Words: Life cycle model, Retirement needs, Retirement planning,
Retirement wealth adequacy, Survey of Consumer Finances
in Acrobat format (Does not precisely match all page breaks)
To read and/or print this article in Acrobat format, you may need
to download a free Adobe Acrobat Reader. Click
here if you want to download the software.
2. Catherine Phillips Montalto, Assistant
Consumer Sciences Department, The Ohio State University,
Neil Ave., Columbus, OH 43210-1295. Phone: (614) 292-4571. Fax: (614)
3. Sherman Hanna, Professor, Consumer and
Sciences Department, The Ohio State University, 1787 Neil Ave.,
OH 43210-1295. Phone: (614) 292-4584. Fax: (614) 688-8133.