New survey shows that only one-third of older Americans feel financially prepared for retirement
Friday, May 27, 2016 - 11:50
in Psychology & Sociology
About a third of Americans age 50 or older expect to outlive their retirement savings, according to a recent survey by The Associated Press-NORC Center for Public Affairs Research. A majority of older Americans have multiple retirement income sources, but over half say they feel more anxious than secure about the amount of savings they have set aside for retirement. A third of those who are still working are not currently saving for their retirement, and many have financial obligations that make saving a challenge.