elderly couple walking down city street (Photo: Shutterstock)

How much will people have to get by on in retirement? Have they saved enough? If they haven't, will they stillget by?

According to a report in The Conversation, the true cost ofretirement living is higher than people are being led to believe(even if they are feeling panicked about the cost of health care asthey age), and a new scale of accounting for how much money seniorswill need to live independently in retirement paints a bleakpicture.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.