Investable retirement assets of U.S. households headed by individuals over the age of 55 will hit $22 trillion by 2020. That’s nearly double what it was in 2010, according to research from LIMRA, an industry-funded research group.
In 2010, pre-retirees defined as individuals between the age of 55 and 64 had $6.1 trillion in investable assets. Retirees had $5.9 trillion. By 2020, that’s expected to swell to $10.2 trillion and $11.4 trillion, respectively, according to LIMRA.
The research estimates that almost two-thirds of the projected $22 trillion will be directed towards products that will generate income for Americans in retirement, creating a huge opportunity for employer-sponsored retirement education.
Margarida Correia is Associate Editor of Bank Investment Consultant, a SourceMedia publication.
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