Study: Most middle-class retirees will outlive retirement savings unless they cut back on their standard of living

[w¡n9Nµ7 §£@¥€r 123]

Almost three out of five new middle-class retirees will outlive their financial assets if they keep up their pre-retirement ways of living, according to an Ernst & Young LLP study on behalf of Americans for Secure Retirement.

The study found that D.C. residents, along with those from Rhode Island, Utah and New York, are the least likely to outlive retirement savings.

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don’t outlive their financial assets.

...

The study found that Montana, Wyoming and South Dakota citizens have the highest likelihood of outliving retirement savings.

http://www.bizjournals.com/washington/stor.../14/daily6.html

[Jenn! 918]

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don't outlive their financial assets.

I think it would be more fun to pick up some really bad habits instead to avoid living for so long.

[w¡n9Nµ7 §£@¥€r 123]

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don't outlive their financial assets.

I think it would be more fun to pick up some really bad habits instead to avoid living for so long.

[Nagishkaw 510]

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don't outlive their financial assets.

I think it would be more fun to pick up some really bad habits instead to avoid living for so long.

I hope you were joking.

[Ban Hammer 13,352]

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don't outlive their financial assets.

I think it would be more fun to pick up some really bad habits instead to avoid living for so long.

i've got enough to go around. need to borrow one?

[almaty 19]

me too.. " i got nasty habits.."

[AlHayatZween 2]

But on average, middle-income Americans entering retirement now will have to reduce their standard of living by an average of 24 percent to ensure they don't outlive their financial assets.

I think it would be more fun to pick up some really bad habits instead to avoid living for so long.

:lol:

[almaty 19]

the main issue for my folks is medical ...the supplement is huge and prescription costs....

[AlHayatZween 2]

Didn't the Mayans, Phoenicians, and Sumerians all agree that the world is going to end in 2012 anyway?

[Trumplestiltskin 5,791]

Didn't the Mayans, Phoenicians, and Sumerians all agree that the world is going to end in 2012 anyway?

The Maya yes - dunno about the Phoenicians or the Sumerians, nothing connecting those civilizations really.

The Sumerians are so incredibly ancient that they might as well have come from Atlantis.