Mangen Research Associates, Inc.
Email us!
  • Home
  • Pricing and Forecasting
  • Product Design
  • ROI
  • Cultural Adjustments
  • Blog
  • About
  • Contact

A Retirement Savings Crisis

10/21/2015

1 Comment

 
Research released from the National Institute on Retirement Security provides some stark data on the extent to which Americans are relying on Social Security for their economic well-being in  retirement.  Using data from the Federal Reserve's Survey of Consumer Finance, they estimate that 38 million households do not have any assets in retirement accounts.  The full study is available here.
Download Report

Now some of these differences may be attributed to definitions -- note, for example, that the report focuses on assets in retirement accounts.  If you aren't using a tax-deferred IRA or 401(k) or 403(b) plan your assets -- which could be considerable -- wouldn't count as retirement account assets.  Nonetheless, this result does paint a rather dismal picture.
Picture
As the chart above -- taken from the report -- illustrates, even those closest to retirement often have little set aside in retirement savings.
1 Comment
South Carolina Strip link
3/1/2021 01:20:34 pm

I really enjoyed your blog, thanks for sharing.

Reply



Leave a Reply.

    David J. Mangen

    I'll use this space to make some occasional comments about statistics, numbers and research issues as seen in the world today.

    Archives

    July 2021
    October 2020
    July 2020
    April 2020
    December 2019
    September 2019
    February 2018
    January 2018
    December 2017
    January 2017
    December 2016
    November 2016
    March 2016
    January 2016
    October 2015
    July 2015
    March 2015
    January 2015
    November 2014
    September 2014
    July 2014
    June 2014
    May 2014
    January 2014

    Categories

    All
    Big Data

    RSS Feed

Welcome to the Mangen Research Associates, Inc. web site
Copyright 2022 Mangen Research Associates, Inc.