Income replacement rate
Datafile
Index term
Question asked in the latest wave:
retirementplanning_w13.rtamtnew
Question label:
Income replacement rate
Question text:
Many people who stop working in later life experience a drop in their income. By how much do you expect your own income to fall after you have stopped working for good, compared with your income before you stopped working? Please consider all personal income from any source.
Question universe:
if DEMOGRAPHICS.PDVAge > 29 & DEMOGRAPHICS.PDVAge < 76 (Aged between 30 and 75)
and if RTplanFT = 1 | (RTplanPT = 1 | 3 (Expects to retire completely from full or part-time employment)
Further details:
For further details about this question, please see the questionnaires
| Value label | Value | Absolute frequency | Relative frequency |
|---|---|---|---|
| missing | -9 | 7 | 0.03% |
| inapplicable | -8 | 18381 | 65.65% |
| proxy | -7 | 104 | 0.37% |
| refusal | -2 | 66 | 0.24% |
| don't know | -1 | 200 | 0.71% |
| My income will not drop at all, or only slightly | 1 | 682 | 2.44% |
| My income will drop, but by less than a third | 2 | 1607 | 5.74% |
| My income will drop by more than a third | 3 | 3122 | 11.15% |
| Have not thought about it | 4 | 3829 | 13.68% |
| Total | 27998 | 100.0% |
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