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Only a Third of the Oldest Baby Boomers in U.S. Still Working
Baby boomers retire at an accelerating pace as they move through their 60s, and only about a third of the oldest boomers are still working full or part time. These patterns are little different from what was observed in 2010.
Americans More Optimistic About a Comfortable Retirement
In the U.S., 46% of nonretirees expect to live comfortably in retirement, up from 37% last year, but still below pre-recession levels. Younger nonretirees are much more optimistic than older nonretirees about a comfortable retirement.
Income, Age Key Factors in Retirement Funding Expectations
Wealthier not-yet-retired Americans mostly expect investments and pension plans to fund their retirement. The less wealthy plan to rely on Social Security and part-time work. Most young adults don't expect to rely on Social Security.
Pensions Are Top Income Source for Wealthier U.S. Retirees
More than half of retirees above the median U.S. income cite pensions as a major source of funding, double the percentage for lower-income retirees. Seven in 10 lower-income retirees cite Social Security as a major source of funds.
Resiliency Through CliftonStrengths: Financial Wellbeing
Learn some practical ways in which you can care for your own financial wellbeing, and how this can increase your peace of mind, build hope and reduce stress.
Americans Fairly Satisfied With Social Security System
Americans' level of satisfaction with Social Security and Medicare is a modest 45%, but these programs are still among the more positively viewed aspects of the country today.
Investors Risk-Averse When It Comes to Retirement Savings
U.S. investors are cautious about retirement savings, as 64% say, forced to choose, they would prefer their initial investment is secure, even if the growth potential is low. A third would opt for high growth potential that carries some risk.
U.S. Investor Optimism Stable and Strong
U.S. investor optimism is strong and stable, with investors showing confidence in their personal finances and optimism about the national economy.
Most U.S. Investors Still Want a Human Advising Them
U.S. investors are no more inclined now than a year ago to favor digital financial advice over traditional resources. About half still prefer relying on a personal financial adviser; 24% favor digital tools and 18% on-call advice.
One in Five Investors Have Tapped Into 401(k) Prematurely
Most nonretired investors in the U.S. have access to a 401(k) plan at work. About one-fifth of those with a plan say they have either taken out a 401(k) loan or taken an early withdrawal from the plan in the past five years.