That’s according to a study from Boston College’s Center for Retirement Research that shows fewer than half of US workers will have enough money saved to retire at 65. But if those same people keep working until they are 70, the picture improves dramatically, with 86 percent likely to be financially comfortable in retirement.
Comments
Work where until 70? You start getting the nudge towards the exit in your mid-late 50s in most companies. If you spend your last five years greeting shoppers at WalMart you aren't going to bank much coin.
One question I have is what happens to the long-term unemployed who exhaust their savings while looking for a new position. I've read several stories which have profiled such individuals. What happens to their retirement prospects?