The new report sheds light on financial aspirations and concerns people have planning for life after working.
Approximately 2,740 adults 18 years or older participated in the study conducted between February and March. People in their 50s said they expect to need more than $1.5 million, but the numbers dip significantly for individuals in their 60s and 70s mainly because most in this group are already retired.
Some respondents believe there is a 45% chance they will outlive their retirement savings, but 33% say they haven’t taken any steps to come up with a plan. However, people working with financial advisors shared that they have taken steps to address the chances of outliving their savings. Nearly half of Americans in the study say they can envision a time when social security is no longer around, but some will rely on social security to cover 28% of their retirement funds.
Gen Z and Millennials said they expect social security to cover nearly 20% of their retirement money compared to Boomers +, who said it will cover 38% of their retirement savings.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Affirmative action Supreme Court decision: New Yahoo News poll sheds light on where Americans standAhead of a major Supreme Court decision this week on affirmative action policies at American universities, a new Yahoo News/YouGov poll found modest support for the use of race and ethnicity in deciding college admissions.
Consulte Mais informação »
Affirmative action Supreme Court decision: New Yahoo News poll sheds light on where Americans standA new Yahoo News/YouGov survey shows that opinions are mixed about race-based criteria for college admissions, ahead of a decision from the Supreme Court this week.
Consulte Mais informação »
Lawmaker pushes bill to shed light on 'wrongfully detained' designation for Americans held abroadThe Marc Fogel Act, introduced by Rep. Guy Reschenthaler of Pennsylvania, would require the State Department to justify the lack of a 'wrongfully detained' designation.
Consulte Mais informação »
Majority of Americans support increasing US military presence near Taiwan to combat China threat: pollA majority of Americans said they would support an increase of U.S. military presence around Taiwan as a way to help the self-governing island combat threats from China.
Consulte Mais informação »
Majority of Americans think Ukraine victory is vital to US interests: surveyOnly 59% of Americans think Washington should continue to provide military aid to Ukraine.
Consulte Mais informação »
Why are more Americans choosing freelance and part-time work?Freelancing and part-time work are booming, up 20% since 2020. While it offers flexibility, experts caution about challenges and pitfalls.
Consulte Mais informação »