Teck Lim

The economic recession may have sparked a retirement crisis in America, but other significant factors played a role in the derail.

More than half of U.S. Gen X and Gen Y consumers admit having little or no knowledge about investments and financial products, according to a recent LIMRA study.

Most (91%) are confident in their ability to manage their personal finances, according to a recent survey by Allstate, even as more than 40% are living paycheck-to-paycheck.

Three out of 10 Americans between the ages of 55 to 70 have not begun even basic retirement planning, LIMRA reports, and only 15% have a formal, written retirement plan.

A new survey shows that a majority of baby boomers are more likely to adjust their lifestyle than to save more for emergencies.

Inflation and taxation are the biggest concerns for baby boomers who see retirement drifting from 65 to 75, a new analysis shows.