Do Households Have a Good Sense of Their Retirement Preparedness?

Source: Alicia H. Munnell, Francesca Golub-Sass, Mauricio Soto and Anthony Webb, Center for Retirement Research at Boston College, Issue in Brief, #8-11, August 2008

From the summary:
The brief’s key findings are:
• For 57 percent of households, their sense of retirement preparedness agrees with the results of the National Retirement Risk Index.
• 24 percent ‘worry too much’ – particularly one-earner couples, those who are risk averse or have college degrees, and homeowners.
• 19 percent ‘worry too little’ – particularly Gen Xers, singles or two-earner couples, and those without traditional pensions or college degrees.

Explicitly considering retiree health care costs increases the number of households who ‘worry too little.’

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