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FACT OF THE WEEK

Half of pre-retirees aged 50-62 with incomes of $80,000 report difficulties saving for retirement

Among pre-retirees aged  50- 62 with a household income of at least $80,000, "nearly half (46%) say it is difficult to save additional funds outside of their automatic savings vehicles... Pre-retirees with children living at home find it even more difficult to save outside of their automatic savings vehicles, with 58% reporting that it is difficult," according to a 2015 survey by New York Life.
       
 
       

New York Life Insurance Company. (2015). Pre-retirees send message to younger generations: Start saving in your 20s and put it on auto-pilot. Retrieved November 30, 2015, from http://www.newyorklife.com

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