Tag: retirement expectations
Are older workers more confident in their finances or more realistic about their prospects? The New York Fed’s research department just reported a major shift in retirement expectations. Workers in 2024 are less likely to plan to work full time in their 60s than workers before the pandemic, according to responses to the Survey of…
The brief’s key findings are: Introduction The National Retirement Risk Index (NRRI) measures the percentage of working-age households that is at risk of being financially unprepared for retirement. Since the Great Recession, the calculations show that even if households work to age 65 and annuitize all their financial assets, including the receipts from reverse mortgages on their…
