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Stern Advice-Retirees are doing better than you think
Old 12-06-2012, 08:06 AM   #1
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Stern Advice-Retirees are doing better than you think

Contrary to what you may have heard, new retirees are doing better financially than previous generations, according to research being published on Wednesday by a mutual fund industry trade group.
"On average, more-recent generations of households have higher levels of resources to draw on in retirement than previous generations," said the study by the Investment Company Institute, a trade group. "Other measures also indicate improvements in retiree well-being. For example, the poverty rate among people aged 65 or older has declined from nearly 30 percent in 1966 to 9 percent in 2011."

Stern Advice: Retirees are doing better than you think | Reuters

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Old 12-06-2012, 01:05 PM   #2
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My wife read this yesterday. She told me it gave her some relief in that I might know what I'm doing in our retirement plan.

I wonder how they reconcile the $153,100 average in retirement assets to averages in the mid-twenty thousand range you see reported elsewhere. Probably comparing apples to oranges.

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Old 12-06-2012, 01:13 PM   #3
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This article is already being discussed here: New retirees better off financially than previous generations?
Numbers is hard.

Retired in 2005 at age 58, no pension

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Old 12-06-2012, 01:16 PM   #4
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Please post your comments in the first thread, thanks.
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