The majority of today's retirees are maintaining their pre-retirement standard of living, work sparingly and by choice, and left the workforce prior to when they had anticipated, according to the Transamerica Center For Retirement Studies, a non-profit think tank funded by Transamerica Life Insurance Co.
Transamerica surveyed more than 2,000 retirees with a median age of 71. While many report being healthy and satisfied in retirement, some critical data — such as low median total savings and an increasing dependence on social safety nets that are headed toward insolvency — suggest the arguably positive experience of today's retirees also points to areas of policy shortcomings.
The slides above show 10 data points from the Center's annual survey, providing a window into the quality of life of today's retirees.
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