1 in 3 Americans need help now in taking the first step to prepare
By InsuranceForum – June 4, 2018
Americans are underprepared for the financial realities of retirement according to new data from Northwestern Mutual. Nearly eight in 10 (78%) Americans are distressed about affording a comfortable retirement, while two-thirds believe there is a likelihood of outliving retirement savings.
- 1 in 5 Americans (21%) have no retirement savings at all;
- 1 in 3 Baby Boomers have only $25,000 or less in retirement savings;
- Nearly half (46%) of adults have taken no steps to prepare for the likelihood that they could outlive their savings.
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