Some 40 percent of middle-income Americans are at risk of poverty in retirement, due to depressed earnings and asset values and increased health-care costs.
Older Americans increasingly continue to work longer than their forebears. Nearly three-quarters of workers now plan to work past traditional retirement age.
Older Americans increasingly continue to work longer than their forebears. Nearly three-quarters of workers now plan to work past traditional retirement age.
The study also concluded that if workers age 50 to 60 decide to retire at age 62, 8.5 million of them are projected to fall below twice the Federal Poverty Level, with retirement incomes below $23,340 for singles and $31,260 for couples. Further, 2.6 million of those 8.5 million downwardly mobile workers and their spouses will have incomes below the poverty level — $11,670 for an individual and $15,730 for a two-person household.
No comments:
Post a Comment