Data Shows Alarming Pattern For Prospective Retirees

Data from the Center For Retirement Research shows an alarming trend in wealth accumulation and retirement preparedness among Americans. The chart, which contains data going back to 1983, shows a stable pattern of wealth accumulation through the most recent survey in 2010. In 2010, accumulation of wealth dropped among most age groups due to the severe recession and unemployment crisis. The CRR suggests that even if the ratio of wealth to income returns to its historical norm, the fact that funding retirement is significantly more expensive than it used to be, means trouble for future retirees. In short, the CRR warns prospective retirees that having the same amount of assets as your parents won’t be enough to handle the rising costs of retirement. More here.

This entry was posted in Healthy Living. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s