Three-quarters of U.S. adult workers believe they will continue working past retirement age, with 40% saying they will do so because they want to, and 35% because they will have to. A much smaller percentage — 19% — fit the prototypical retirement scenario of someone who plans to stop working […] Read more »
Income, Age Key Factors in Retirement Funding Expectations
Nonretired Americans’ expectations about which sources they will rely on to fund their retirement differ significantly by their annual household income. Upper-income nonretirees are much more likely to say investments, such as a 401(k), IRA and other retirement savings accounts or individual stock investments, and work-sponsored pension plans will be […] Read more »
Average Retirement Age Up to 61
The average age at which U.S. retirees say they actually retired is now at 61, up from 57 in the early 1990s. … The average retirement age has crept up by four years over the past two decades, from 57 in 1991 to the current 61. Because most of the […] Read more »
Middle-Aged Americans Most Worried About Finances
Middle-aged Americans are more likely than those younger and older to worry about personal financial issues. Within this broad middle-aged category, those aged 50 to 64 are either as likely as or more likely than those aged 30 to 49 to worry about most financial problems. [cont.] Frank Newport & […] Read more »
Americans’ Financial Worry Lowest Since Before Recession
Americans’ financial worry has eased to the lowest level since before the recession. Gallup classifies 53% of Americans as highly or moderately worried about their finances, down from a peak of 61% a year ago, and the lowest since 45% in 2007. … Retirement savings and paying medical costs in […] Read more »
Fiscal trouble ahead for most future retirees
For the first time since the New Deal, a majority of Americans are headed toward a retirement in which they will be financially worse off than their parents, jeopardizing a long era of improved living standards for the nation’s elderly, according to a growing consensus of new research. The Great […] Read more »