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.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 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.

Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.