Middle Class Losing Hope of Comfortable Retirement
Nearly half of Americans say it’s impossible to pay bills and still have a nest egg.
Comments 0 | Recommend 0
Golden Years Tarnished: Many Americans are pessimistic that they can retire
comfortably, according to a survey by a Country Insurance & Financial
Services of Bloomington, Illinois. About 46 percent say it’s impossible for
today’s middle-income families to pay their mounting bills and still have money
to put aside for a retirement nest egg. About 37 percent of people disagree, and
believe middle-class retirees indeed can live out their golden years in relative
comfort. Women feel the anxiety much greater than men: Nearly 70 percent of
women are “pessimistic or unsure” about retirement prospects, compared with
about 50 percent of men. One reason for the dire outlook generally: A whopping
62 percent say they didn’t begin investing for retirement until after age 30—and
some still have not started.
Reproductions and distribution of the above article are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format, please contact our Reprint Sales Manager at (732) 723-0569.
Comments
Guidelines: Comments that include profanity or personal attacks or other inappropriate comments or material will be removed
from the site. We will take steps to block users who violate any of our posting standards, terms of use or privacy policies
or any other policies governing this site. You are fully responsible for the content you post.
= Member Only
