Retirement Income GoalsPresident's Commission on Pension Policy, 1980 - 60 lappuses |
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adequate income adjusted for inflation age and service annual average benefit formulas benefit levels Bureau of Labor Commission on Pension Consumer Expenditure Survey Consumer Price Index consumption patterns cost-of-living adjustments dependents disability benefits disability income disability programs disabled workers effects of inflation elderly estimated factors financial instruments food plan higher income adequacy income tax receipts increase indexed bonds individuals inflation adjustments inflation rate investments J. J. Pickle Labor Statistics Medicare Mollie Orshansky pension benefits pension plans Pension Policy pension systems Percent poverty index poverty line preretirement income President's Commission private pension private plans rate of return Reduction in Expenses reflect related expenses retired couples retirement benefits retirement income adjustments RETIREMENT INCOME GOALS retirement system savings rates seen in table service retirement income single person Social Security Administration social security benefits standard of living thrifty food U.S. Congress U.S. Department update variable annuity wage replacement ratios
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16. lappuse - Note: Because of rounding, sums of individual items may not equal totals. Source: US Department of Labor, Bureau of Labor Statistics, "America's Industrial and Occupational Manpower Requirements, 1964-75.
4. lappuse - Consumption requirements for a two-person husband-wife family after retirement are 86.4 percent of those for a like family before retirement (aged 55 to 64). Savings are therefore estimated at 13.6 percent of preretirement income.
14. lappuse - Food-at-home costs in the budgets are baser] on quantities in the 1964 low-, moderate-, and liberal-cost food plans developed by the US Department of Agriculture in accordance with nutritional standards formulated by the National Research Council of the National Academy of Sciences.
14. lappuse - The retired couple is defined as a husband, age 65 or over, and his wife. They are assumed to be self-supporting and living in an urban area; they are in reasonably good health and able to take care of themselves.
14. lappuse - Only 15 percent of families at the higher standard and 25 percent of those at the moderate were assumed to live in rental housing. Rental shelter costs, including contract rent plus estimated costs of fuel and utilities where these are not part of the rent, and insurance on household contents were calculated from the low, middle, and high thirds of the contract rent distribution for units which met the standards for adequacy.
4. lappuse - In 1974, state and local income tax receipts were 13.1 percent of federal income tax receipts. This percentage probably rose in 1975 because federal taxes were decreased while state taxes increased.
30. lappuse - Real Value of Retirement Income Based on Initial Replacement Rate of 100 Percent Years In No 3% Annual 5% Annual...
16. lappuse - I973 updating of the budgets for a retired couple, the total budget is defined as the sum of "total family consumption