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Researchers examined 4 surveys that have been called into question to see whether underreporting of retirement income is a common failing, or solely the province of the CPS. (Photo: Shutterstock)

In the great debate over retirement preparedness, which comes down heavily on the side of many workers being poorly, if at all, prepared, arguments surface from time to time that perhaps the picture isn’t as gloomy as it’s generally made out to be.

According to a brief from the Center for Retirement Research at Boston College, recent research “has redocumented that the Census Bureau’s Current Population Survey (CPS) understates retirement income.”

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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