Starting a Business? Here are Some Ideas...
Need Help for Yourself or Aging Parents? Try The Eldercare Locator

Economic Facts About Retirement

MusingsAt the same time that Americans are living longer, their financial future is filled with uncertainty. In recent years, middle class Americans have faced an on-going struggle to maintain a decent way of life. Stagnant wages, falling home values, increasing expenses, and paltry savings have all contributed to a looming crisis facing retirees.

In a recent report entitled "Ten Economic Facts about Financial Well-Being in Retirement," The Hamilton Project details some of the statistics that drive home the importance of planning as early as possible for a secure future. These facts include the following:

  • More than three out of five 65 year olds today will reach age 80.
  • Only half of non-retired American adults expect to have enough money to live comfortably in retirement.
  • Middle class households near retirement age have about as much wealth in their homes as they do in their retirement accounts.

This report is designed to expose facts about retirement to those who set government policies, but its content is worthy of consideration by the public, especially those who recognize the need for better retirement planning. You can download the entire report below.

Download Financial Well Being in Retirement

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been saved. Comments are moderated and will not appear until approved by the author. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Comments are moderated, and will not appear until the author has approved them.

Your Information

(Name and email address are required. Email address will not be displayed with the comment.)