Americans get 'F' in retirement literacy
The American College New York Life Center for Retirement Income
A whopping three quarters of Americans fail a quiz on how to make their retirement dollars go far enough to see them all the way through retirement, although they think they know what they’re doing; 61 percent of respondents indicate they have high levels of retirement income knowledge.
But—and it’s a big but--among those who claim to be highly knowledgeable, only 33 percent could pass a retirement income quiz.
Satter, Marlene Y., "Americans get 'F' in retirement literacy" (2017). In the News. 2201.