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We’re Living Longer, and Other Reasons to Worry About Americans’ Retirement Outlook
(By - David Harrison, The Wall Street Journal)
Americans are increasingly unprepared for retirement, says a new paper out today.
The paper, from the Hamilton Project at the Brookings Institution, examines 10 facts about contemporary retirement finances.
We won’t outline all 10 here, but the key is this: Americans are living longer. The average American woman who reaches age 65 this year has a better than one-in-three chance of seeing her 90th birthday, up from a one-in-four chance 50 years ago. That’s unquestionably a good thing, but it will require her and millions of others to make sure they can support themselves for a long retirement, says the report from David Boddy, Jane Dokko, Brad Hershbein and Melissa S. Kearney. Read more…
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