b'Financial well-being is important for many aspects of our lives. Thats FINANCIALwhy HRS goes to great lengths to get detailed and accurate information WELL-BEING on our finances. All of our individual stories add up to tell how well prepared Americans are for retirement and how they fare in retirement.Retirement Wealth Maybe youve heard of the three-legged stool of retirement.Thats Social Security, pensions, and private savings that togethercan provide a secure foundation of financial well-being in retirement. To get the most accurate and complete assessment of all three sources of retirement income and wealth, HRS uses information from three main sources:the answers you provide in the surveyinformation on pension plans from employersinformation from Social Security recordsHRS survey questions (a lotValue of other retirement income and of them!) wealthLinkage to employer- Value of employer-provided defined provided pension benefit (DB) and defined contribution (DC) pensionsLinkage to Social Security Value of Social Security benefitsCombining all of this information allows us to do things like compare across generations to see how things might be changing for different cohorts. An important finding is that Late baby boomers (born 19601965) have quite a bit less retirement wealth than War Babies and older baby boomers. The detailed information on finances in the HRS helps us understand why.18'