A new study reveals a substantial jump in the percentage of Americans who won’t be able to maintain their standard of living in retirement in the wake of the economic crash. The Center for Retirement Research at Boston College (CRR) says 51 percent of Americans are at risk of lower living standards in retirement, up [...] [...more]
Barack Obama’s hair turned a little gray during his 20-month quest for the presidency but he’s hardly the only one showing some age. President-elect Obama will lead a country that is aging rapidly as the huge baby boomer generation heads toward retirement. By the year 2030, there will be 72 million Americans over age 65–about [...] [...more]
Think you know what you’re doing when it comes to planning your retirement income? Odds are, you don’t, if the Metlife Retirement Income IQ Test is any indication. The company’s annual study of pre-retirees reinforces just how little most of us know about retirement planning. Metlife asked pre-retirees to take a simple 15-question quiz. The [...] [...more]
The income gender gap is well known. But did you know that the economic gap between men and women spills over into retirement? The largest segment of Americans living in poverty is elderly women. The gender gap in retirement income security is appallingly high, for several reasons. First, women earn about a third less than [...] [...more]
Research by Ariel Mutual Funds and Charles Schwab shows a sizable gap in participation by African-Americans in wealth-building for retirement. Ariel President Mellody Hobson writes this week at Huffington Post about what she calls a “looming retirement crisis” in the African-American community: After struggling so long to join the middle class and fulfill the American [...] [...more]
