This week, two articles take very different approaches to the topic of retirement preparedness.
First, a paper from the Center for Retirement Research at Boston College uses data from the Federal Reserve’s Survey of Consumer Finances to calculate each household’s retirement preparedness and compares that assessment to the household’s own assessment
And then we have a survey from Fritz Gilbert, which asked pre-retirees and retirees the same set of questions, in order to find what retirees are actually concerned about versus the things that pre-retirees think they will be concerned about. (One big takeaway: 62% of retirees miss the social interaction from work, whereas only 29% of pre-retirees expect that to be an issue.)
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