A new study finds that retirement readiness among the baby boomer generation continued its decline in key confidence measurements that look at whether the age cohort was comfortable with covering medical expenses and income needs when they exit the workforce.
The Insured Retirement Institutes fourth annual retirement readiness report offers a grim picture for retirees. Thirty-five percent of respondents said they were extremely or very confident they were doing a good job of preparing financially for retirement. Also, 33% of respondents feel they will have enough money to live comfortably in retirement with their spouse, a one percentage point decline from 2013s study.
Register or login for access to this item and much more
All Employee Benefit News content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access