Americans Not Ready to Help Themselves: Three Out of Four Older Americans Fail Retirement Income Literacy Quiz

Publication Year:
2017
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Repository URL:
https://digitalcommons.theamericancollege.edu/news/2187
Author(s):
PR Newswire
Tags:
finance; literacy; financial planning; retirement income planning; Finance and Financial Management
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article description
Three in four retirement-age Americans fail a quiz on how to make their nest eggs last throughout retirement. Even more troublesome, older Americans between the ages of 60 to 75 with at least $100,000 in assets display a worrying lack of knowledge on a variety of vital topics such as paying for long-term care expenses, investment considerations, strategies for sustaining income throughout retirement and life expectancy.