Stern Advice-Retirees are doing better than you think

[SumDay]

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

 

[akck]

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.

 

[REWahoo]

This article is already being discussed here: http://www.early-retirement.org/for...n-previous-generations-64004.html#post1256017

 

[bssc]

Please post your comments in the first thread, thanks.