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The Retirement Savings Crisis

THE RETIREMENT SAVINGS CRISIS Frightening facts about Americans' lack of preparation for retirement 2012 RETIREMENT AGE 67 Average Expected Retirement Age Up from 60 in the mid 1990s 1996 3 in 4 Americans have less than $30,000 saved in their retirement accounts 30% of American workers have less than $1,000 in savings and investment *2012 EBRI Survey 56% of workers have not tried to calculate how much they need for retirement In 2008 U.S. retirement accounts shrunk by $2 Trillion of Americans over 65 rely entirely on social security for income 40% RI.P. of Baby Boomers plan to work until they die *2010 AARP Survey Infographic by www.MastersinAccounting.info Sources: http://www.gallup.com/poll/154178/expected-retirement-age.aspx To Sell is Human by Dan Pink http://www.ebri.org/pdf/briefspdf/EBRI_IB_03-2012_No369_RCS2.pdf http://moneymorning.com/2009/01/29/pension-plans/ http://assets.aarp.org/rgcenter/general/approaching-65.pdf http://www.annuities.pacificlife.com/vax/home/resource_center/social_security.social_ security.html THE RETIREMENT SAVINGS CRISIS Frightening facts about Americans' lack of preparation for retirement 2012 RETIREMENT AGE 67 Average Expected Retirement Age Up from 60 in the mid 1990s 1996 3 in 4 Americans have less than $30,000 saved in their retirement accounts 30% of American workers have less than $1,000 in savings and investment *2012 EBRI Survey 56% of workers have not tried to calculate how much they need for retirement In 2008 U.S. retirement accounts shrunk by $2 Trillion of Americans over 65 rely entirely on social security for income 40% RI.P. of Baby Boomers plan to work until they die *2010 AARP Survey Infographic by www.MastersinAccounting.info Sources: http://www.gallup.com/poll/154178/expected-retirement-age.aspx To Sell is Human by Dan Pink http://www.ebri.org/pdf/briefspdf/EBRI_IB_03-2012_No369_RCS2.pdf http://moneymorning.com/2009/01/29/pension-plans/ http://assets.aarp.org/rgcenter/general/approaching-65.pdf http://www.annuities.pacificlife.com/vax/home/resource_center/social_security.social_ security.html

The Retirement Savings Crisis

shared by ichuck on Mar 13
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An infographic displaying interesting facts about Americans' lack of financial preparation for retirement.

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Masters in Accounting

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Economy
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