In the News

Title

Most Americans Illiterate Regarding Retirement Income Planning

Document Type

Article

Publication Date

4-9-2015

Abstract

On the whole, Americans might seem to be among the best-educated individuals in the world. Yet, when it comes to matters related to retirement income needs, the vast majority is fairly clueless.

Indeed, in what is possibly the first extensive Retirement Income Literacy study, most Americans near or at retirement age failed a very basic quiz on how to make their nest eggs last.