Tuesday, August 02, 2005

MetLife Study on Retirement Income of Silent Generation

According to the MetLife Retirement Income Decisions Study: The Silent Generation Speaks, 83% "Silent Generation"--Americans between the ages of 59 and 71--pre-retirees and 90% of retirees are confident that they have enough money to live comfortably until at least age 85. However, many are not as informed as they should about their longevity risk and have not taken steps to ensure that they will have enough money to last throughout their lifetime--34% of pre-retirees have not calculated how much monthly income they will need in retirement, and 45% of pre-retirees and 47% of retirees have not estimated the annual rate of inflation over the next ten years. [This study focused only on popele with non-housing assets of a least $100,000 who identified themselves as a primary or joint financial decision-maker for their household.]

Source: News Release MetLife (June 21, 2005)

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