Most Seniors Flunked a New Retirement Quiz. Could You Do Better?
Jamie Patrick Hopkins
The American College New York Life Center for Retirement Income
Anyone wondering whether people in or nearing retirement are up to speed on creating a viable retirement income plan got an answer last week when the American College of Financial Services released the results of its Retirement Income Literacy Quiz. It was sobering: Nearly 75% of the 1,244 adults ages 60 to 75 who were interviewed online for the test got a big fat F (a score of 60% or less), while fewer than 6% received an A (91% or better) or a B (81% to 90%).
Updegrave, Walter, "Most Seniors Flunked a New Retirement Quiz. Could You Do Better?" (2017). In the News. 2219.