(Bloomberg View) -- Half of working-age households in the U.S. were on track in 2016 to be able to maintain their standard of living in retirement, according to the National Retirement Risk Index report out this month from the Center for Retirement Research at Boston College.
Thanks mainly to rising home values, that's better than in 2010 or 2013. But it still means that half of working-age households aren't prepared for retirement, up from just 30.4 percent in 1989.
The Center for Retirement Research calculates these percentages based on data from the Federal Reserve's triennial Survey of Consumer Finances, the 2016 edition of which was released in September.
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.
