Tuesday, February 5, 2008

Gloomy view of retirement

Alert the media: retirement doesn't look so good to many Americans.

That's the result of a new survey of workers and retirees by Axa Equitable Life Insurance Company. Among the findings:
  • Things aren't getting better. 85% of those surveyed think their standard of living will not improve, or will get worse in retirement.
  • Nobody likes risk. Most of those surveyed want investments with low risk, even with low returns.
  • Social Security is sinking. And over half of people expect changes in the system during the next 10 years.
  • Taking a pay cut. 70% of retirees have lower incomes after retirement.

1 comment:

Unknown said...

We won't retire early if we can, work long as we can, so many seniors should hold together. One of seniors on boomermingle c o m said.