FACT OF THE WEEK
4 in 10 workers expect to retire at 70 or beyond
"Nearly 4 in 10 (38%) of workers expect to retire at 70 or beyond, while only 4% of retirees report this was the case. Just 9% of workers say they plan to retire before age 60, compared with 39% of retirees who report they retired that early. 17% of workers say they plan to retire between the ages of 60 and 64, although 38% of retirees say they retired in that age range," according to the EBRI 2017 Retirement Confidence Survey. (p. 19, fig.26)
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Greenwald, L., Craig Copeland, C., & VanDerhei, J. (2017). The 2017 retirement confidence survey: Many workers lack retirement confidence and feel stressed about retirement preparations. (EBRI Issue Brief No. 431). Washington, DC: Employee Benefit Research Institute. Retrieved from this source. |
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