Most Americans will run out of money about 14 years into their retirement.
According to HSBC Group's "The Future of Retirement: A New Reality," a survey of more than 15,000 consumers in 15 global markets, Americans will face a significant fall in their living standards during the final seven years of retirement due to inadequately funded long-term savings.
The report found that the average length of retirement internationally is 18 years, while the average retirement savings is expected to last 10 years. It predicts the situation will only worsen as life expectancy continues to rise globally.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
