Americans are currently retiring earlier than they’d expected — but four out of five still struggle with the retirement process, new research suggests. A recent survey of 2,000 retired …
Americans are currently retiring earlier than they’d expected — but four out of five still struggle with the retirement process, new research suggests.
Of those who did return to the workforce, 40% did so to occupy their time, while many did so for other reasons not outlined in the survey, often to help family members, friends or a former employer. Overall, respondents believed they’d need to save an average of $440,000 for retirement — although men cited much higher ranges than women .
When asked to share their thoughts on the most common myths about retirement, 57% cited the belief that Social Security covers retirement, while almost half brought up the idea that all healthcare costs are covered under Medicare.SWNS
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