Majority of Americans Don’t Think They Will Have Enough in Retirement

More than half of working Americans do not believe they will have enough money to live comfortably in retirement, says a recent Gallup poll. Approximately 53% of those surveyed shared the negative sentiment, a sharp increase from a third of survey respondents in 2002 (see chart). The figure represents a new high level of response […]

One in Four Baby Boomers Say They’ll Never Retire

Forty-four percent of baby boomers express little or no faith they’ll have enough money to retire, a recent poll says. And one in four who are still working say they’ll never retire. The Associated Press-LifeGoesStrong.com poll states that many baby boomers, while they are starting to retire, are agonizing about finances and expect they will […]

20% of Workers Expect to Retire Later Than Planned

Twenty percent of U.S. workers say their expected retirement age has increased over the past year. An annual Employee Benefit Research Institute survey found the 20% increase in 2011 was statistically similar to 24% who said they were planning to postpone retirement in 2010. The study, EBRI’s 2011 Retirement Confidence Survey, found several frequently cited […]

Survey of Seniors Shows Mounting Financial Concerns

Financial concerns are mounting for seniors, according to a GreenPath Debt Solutions survey. Recently released data from GreenPath interviewing 57,000 seniors ages 55 and older, shows 38% of respondents say “reduced income” is their main source of financial hardship. Another 29% say “no financial plan” is their leading hardship, and for 12%, medical issues are […]

NRMLA Teams Up With Retirement Research Center

The National Reverse Mortgage Lenders Association has formed a strategic relationship with the Center for Retirement Research at Boston College. The Center directs research that spans the four main areas that affect a household’s retirement income: Social Security; employer-sponsored pension plans; household saving; and labor market trends among older workers. The relationship between the Center […]

Americans Call Social Security and Medicare Cuts “Unacceptable”

A Wall Street Journal/NBC poll indicates that fewer than 25% of Americans are in support of budget cuts that impact Social Security or Medicare, even though such cuts would work toward combating the country’s deficit. Other poll results show the economic outlook for 2011 is bleak, but President Obama is handling the economy well, according […]

Retirement Initiative Launches Interactive Planning Tools

A “Target Your Retirement” calculator and other tools in beta testing from the Financial Security Initiative at Boston College allow users to answer simple questions about current assets and behaviors in order to present a projected target monthly income at age 62. Based on an individual’s date of birth, current savings, income and home value, […]

Retirement Expectations at All-Time Low

More than 25% of Americans say they are “not at all confident” about retirement and just 13% say they are “very confident,” according to the Employee Benefit Research Institute’s 2011 Retirement Confidence Survey. The proportion who are confident in their retirement is tied with the rate in 2009—the lowest on record in the 20 years […]

WSJ: Using Home Equity for Retirement May Become Necessary for Many

A recent Wall Street Journal consumer finance column addresses the issue of using home equity for retirement. The column, “Tapping Home Equity In Retirement,” begins by noting that while most people would prefer not to use home equity for retirement, “given the state of retirement savings in the U.S., they may not have a choice.” The […]

84% of Americans are Anxious About Retirement

Eighty-four percent of Americans say they are anxious about retirement, says a National Institute on Retirement Security (NIRS) report released this month. The report, based on a survey of 800 Americans ages 25 and older, found Americans view retirement as “simply surviving” and believe government is disconnected from the population’s retirement concerns. The study also […]