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Stern Advice-Retirees are doing better than you think
12-06-2012, 08:06 AM
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#1
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Thinks s/he gets paid by the post
Join Date: Aug 2012
Posts: 1,862
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Stern Advice-Retirees are doing better than you think
Quote:
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."
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Stern Advice: Retirees are doing better than you think | Reuters
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12-06-2012, 01:05 PM
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#2
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Full time employment: Posting here.
Join Date: Mar 2008
Posts: 800
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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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12-06-2012, 01:13 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
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12-06-2012, 01:16 PM
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#4
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Moderator Emeritus
Join Date: Dec 2005
Posts: 10,125
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Please post your comments in the first thread, thanks.
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