The truth you need to know – Retirement readiness statistics

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7 years ago

The WealthStep homepage statistics come from the following sources:

  • 70% – When health costs are factored in, 70% of people are not on track to retire, per Center for Retirement Research at Boston College.
  • 40% – The % of people are unaware that they aren’t on track to financial independence, per Center for Retirement Research at Boston College.
  • 4% – Emotional investing causes underperformance of approximately 4% per year, per Dalbar, Inc. studies.
  • Average monthly pre-tax Social Security payment – IRS website. IRS payments will vary by person, circumstances and the age at which a person chooses to begin receiving Social Security.

Consult the sources above for the most current research information.

This article is for informational and educational purposes. Any hyperlinks to third party websites are not endorsements and outside content is believed to be reliable but has not been independently verified. Consult an objective financial advisor for guidance as appropriate.