Do Households Have a Good Sense of Their Retirement Preparedness?

The brief’s key findings are:

Do households in the National Retirement Risk Index identified as “at risk” recognize their situation?
The analysis finds that almost 60 percent of households have a good sense of whether or not they are on track for retirement.
But about 20 percent incorrectly think they are prepared, in large part because they do not recognize that their 401(k) savings are inadequate.
These households are in the most danger of saving too little, but even those who know they are unprepared may not take action unless prodded.

Briefs