文章基本信息

标题：Longevity Insurance: Strengthening Social Security at Advanced Ages
本地全文：下载
作者：John A. Turner
期刊名称：Discussion Paper / The Pensions Institute
印刷版ISSN：1367-580X
出版年度：2009
卷号：2009
出版社：Pensions Institute
摘要：While Social Security provides a guaranteed lifetime benefit, it is insufficient for most people to maintain their pre-retirement standard of living. Thus, except for people with low pre-retirement incomes, most people need to supplement their Social Security benefits with other sources of income. While low-income retirees tend to rely largely on Social Security, other retirees tend to have other sources of retirement income. However, as people grow older, especially for those living past their life expectancy, they risk having exhausted their sources of income other than Social Security.