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http://www.bloomberg.com/news/2013-09-19/retirees-are-optimistic-or-delusional-about-leaving-inheritances.html
An older worker at the checkout of a Wal-Mart Supercenter in Bowling Green, Ohio. Photograph by J.D. Pooley/Getty Images
Less income, longer lives. That's one way of summing up the retirement conundrum facing the U.S.
A new survey from HSBC sheds light on how Americans are dealing with this retirement stress. The news -- here’s a shocker -- is not all bad.
Yes, a 13-year-old today has a 50/50 chance of living to 101, according to some demographers. As Bloomberg.com's new special report on the Future of Retirement explores, that sort of extreme longevity would overturn much of the standard retirement advice.
And, yes, Americans need to save more for retirement at a time they have less ability to do so. As the Census Bureau revealed this week, 2012's median household income of $51,017 barely budged from the previous year. After adjusting for inflation, we're earning $5,063 less than we did in 1999.
An older worker at the checkout of a Wal-Mart Supercenter in Bowling Green, Ohio. Photograph by J.D. Pooley/Getty Images
Less income, longer lives. That's one way of summing up the retirement conundrum facing the U.S.
A new survey from HSBC sheds light on how Americans are dealing with this retirement stress. The news -- here’s a shocker -- is not all bad.
Yes, a 13-year-old today has a 50/50 chance of living to 101, according to some demographers. As Bloomberg.com's new special report on the Future of Retirement explores, that sort of extreme longevity would overturn much of the standard retirement advice.
And, yes, Americans need to save more for retirement at a time they have less ability to do so. As the Census Bureau revealed this week, 2012's median household income of $51,017 barely budged from the previous year. After adjusting for inflation, we're earning $5,063 less than we did in 1999.
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