Vanguard released the 23rd edition of its “How America Saves” report, which spotlighted the retirement-saving behaviors of nearly five million Vanguard participants. Go deeper: The report found that … more Highlights From “How America Saves 2024” Report
Retirement Issues and Trends
Senior Debt Levels Increase Threefold Over Past 35 Years
Adults aged 65 to 74 hold an average of $134,950 in debt, while individuals 75 and older hold an average of $94,620 in debt, according to Federal Reserve … more Senior Debt Levels Increase Threefold Over Past 35 Years
Fidelity® Q1 2024 Retirement Analysis
The latest retirement data from Fidelity Investments found record-high contribution levels, coupled with positive market conditions, pushed average account balances to their highest levels since the fourth quarter … more Fidelity® Q1 2024 Retirement Analysis
ACL Releases 2023 Profile of Older Americans
The Administration for Community Living released its 2023 Profile of Older Americans, illustrating the shifting demographics of Americans 65 and older. In 2022, 31.9 million women and 25.9 … more ACL Releases 2023 Profile of Older Americans
Americans More Worried About Running Out of Money Than Death
Two in three (63%) Americans worry more about running out of money than death, up from 57% in 2022. Concerns about inflation, Social Security, and taxes contribute to … more Americans More Worried About Running Out of Money Than Death
New Magic Number for Retirement is $1.46 Million
Americans’ “magic number” for retirement surged to an all-time high – rising much faster than the rate of inflation while swelling more than 50% since the onset of … more New Magic Number for Retirement is $1.46 Million
Blackrock CEO Highlights Global Retirement Crisis
Larry Fink, whose company manages $10 trillion in assets (half of which are for retirement), challenged government and business leaders to come together to fix a looming retirement … more Blackrock CEO Highlights Global Retirement Crisis
More Counties Saw Population Gains in 2023
Sixty percent (1,876) of U.S. counties gained population from 2022 to 2023, an increase from the 52% of counties (1,649) that experienced population growth between 2021 and 2022, … more More Counties Saw Population Gains in 2023
Preretirement Withdraws Might Explain Retirement Savings Gap
A new study published by the Collaborative for Equitable Retirement Savings finds that Black and Hispanic workers withdraw a larger portion of their account balances before retirement. The … more Preretirement Withdraws Might Explain Retirement Savings Gap
Report Analyses Global Market Potential for Equity Release Products
The European Pensions and Property Asset Release Group (EPPARG) and EY published the Global Equity Release Roundtable 2023 survey report, which highlights that the global equity release market … more Report Analyses Global Market Potential for Equity Release Products