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American retirees are looking back on their retirement savings experience and, in big numbers, are expressing deep regrets over not saving enough cash for their post-working years.
That's the conclusion from a new Teachers Insurance and Annuity ****** ociation of America (TIAA) study.
TIAA found that 76% of American retirees regret not starting to save earlier in their lives, while nearly the same amount (71%) wish they'd put away more money overall (1). The report also cited a "striking gap" between retirement and reality, and that variable can bring severe savings shortages to the table. Regrets were particularly common among younger retirees, with the average study respondent saying they left the workforce at age 57.
Future retirees, on the other hand, don't expect to retire until 62.
#retirees #american #finance
American retirees are looking back on their retirement savings experience and, in big numbers, are expressing deep regrets over not saving enough cash for their post-working years.
That's the conclusion from a new Teachers Insurance and Annuity ****** ociation of America (TIAA) study.
TIAA found that 76% of American retirees regret not starting to save earlier in their lives, while nearly the same amount (71%) wish they'd put away more money overall (1). The report also cited a "striking gap" between retirement and reality, and that variable can bring severe savings shortages to the table. Regrets were particularly common among younger retirees, with the average study respondent saying they left the workforce at age 57.
Future retirees, on the other hand, don't expect to retire until 62.
#retirees #american #finance
2 months ago
