Prudential Financial Inc.,Newark, NJ, (NYSE:PRU) will be the exclusive sponsor of the Center for Retirement Research at Boston College’s National Retirement Risk Index.
The Index, which is highly regarded within the industry, measures the percentage of working-age Americans at risk of not being able to maintain their current standard of living during retirement. One of Prudential’s acts as a sponsor will be to underwrite a number of studies to be conducted by the Center for Retirement Research that will be pertinent to the study.
The Index is a strong indicator of the changes that have taken place in the retirement landscape since the economic crisis began in 2008. According to recent data from the Index, the percentage of households at risk of not being able to maintain their standard of living in retirement has risen by 20% in data compiled from 1989 to 2009.