Effect of low interest rates on retirees

 Lower interest rates mean that households get 
less income from annuitizing their wealth.  A retiree 
with $100,000 will receive $492 per month from an 
inflation-indexed annuity when the real interest rate 
is 3.0 percent compared to $413 per month when it is 
1.5 percent.

Question is, where are retirees going to make up the difference? 

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