Savings—or the lack thereof—are a big part of the problem — 27 percent of Europeans have no savings; though in Australia, it's a little better, with just 22 percent being savings-less. (Photo: Shutterstock)
People across the globe are worried about saving enough for retirement, according to a new ING survey, and retirees aren't happy about their standard of living in retirement.
Those are some of the findings in the ING International Survey Savings 2019, which finds that 61 percent of people in 13 European countries are afraid they'll run out of money in retirement—and the numbers in the U.S. and Australia are similar.
Among European retirees, about half say that their standard of living has deteriorated from when they were working, with 39 percent of those who haven't yet retired saying they expect their retirement checks will be smaller than what they paid into their pensions.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
