Understatement In Retirement Income Data

Satisfactory Essays

There are several challenges retirees have faced in recent years. Of particular interest is how retirement income is measured (Munnell & Rutledge, 2013). This can be justified based in the overlap of federal and/or state pension and social security benefits, which retirees receive but are not well reported or are changed into different forms upon statement of retirement income. For example, Gustman, Steinmeier and Tabatabai (2012) point out what is qualified as an understatement in retirement income data, particularly data from Current Population Survey (CPS). Specifically, while regular payments from social security are well reported in CPS, irregular payments for the 64-69 age group in 2006, accounting for 59% of social security value

Get Access