Alicia Munnell et al.: Are Retirees Falling Short?: “Data from the Survey of Consumer Finances and studies using target income replacement rates indicate a widespread shortfall…. …Researchers using a life-cycle model… conclude that most pre-retirees have an optimal level of wealth…. The comforting results of the optimal savings research depend crucially on two as- sumptions–that … Continue reading Morning Must-Read: Alicia Munnell et al.: Are Retirees Falling Short?