Uneasy Retirement Around the Corner
The center for retirement research at Boston College reported in a new study released this week that 43% of Americans will not have enough money for retirement. Assumptions included a requirement for 73% of pre-retirement income.
CRR said that those most at risk included Low-income Gen Xers (60%); Low-income late boomers (54%); Middle-income GenXers (46%); Two-earner GenX couples (53%); Single GenX women (52%).
The average 401-k savings of those approaching retirement is currently near $60,000 and constitutes the sole provision for additional income beyond Social Security payments.
| This entry was posted on Wednesday, June 7th, 2006 at 12:12 am and is tagged with retirement research, social security payments, retirement income, genx, crr, boston college, additional income, enough money, boomers, assumptions, social security, gen xers, couples, provision, 401 k, risk. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback. |
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