What Retirement Statistics Tell Us

Let’s talk about some retirement statistics and hear Eric explain some of the reasons behind it. Are you among the 56 percent of Americans losing sleep thinking about retirement? That might be a sign you need to make a plan so you can rest easily.

Knowing is way better than worrying. A large percentage of Baby Boomers think they can’t retire yet, but can they? One third of retirees still having a mortgage might go against some conventional ways of thinking, but is it a problem? Eric talks about how these things impact planning on today’s show.

 

Here are the stats we discuss:

• Women are 27 percent more likely to have no or low retirement savings. (0:59)
• 76 percent of Baby Boomers are not confident they’ve saved enough. (3:39)
• Nearly one third of homeowners at retiring age still have mortgage debt. (6:57)
• 56 percent of Americans lose sleep thinking about retirement. (9:18)
• A 65-year-old man as a 78 percent chance of living 10 more years. (10:41)

 

Get in touch with the Peterson Financial team: https://petersonfg.com/