Скачать или смотреть US Retirement Insecurity Prominent Across Generations, Study Finds

The majority of Americans workers - across several generations -- are insecure about retirement, according to findings from a TransAmerica study. The survey found 40 percent of Baby Boomers expect a decrease in their standard of living in retirement, 83 percent of Generation X workers believe they will have a harder time achieving financial security than their parents and only 18 percent of Millennial workers are very confident about their retirement. In terms of individual generational retirement perspectives, Millennials are worried Social Security won’t be able to support them when they retire -- 55 percent of them expect their primary source of retirement income to be self-funded through accounts, like 401(k)s and IRAs. Generation Xers are also worried Social Security won’t be there for them when they retire. Although 77 percent of Gen Xers are saving for retirement in a company-sponsored 401(k) or similar plan, 30 percent of participants have taken a loan or early withdrawal from their retirement accounts. Baby Boomers are expected to work into older ages than previous generations with two-thirds already working past 65 years of age or are planning to, yet only a quarter of them have a backup plan in the event they won’t be able to work prior to their planned retirement.