You can now read 10 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe


Retirees doing better than in past, survey says

WASHINGTON — Contrary to what you may have heard, new retirees are doing better financially than those of previous generations, according­ to research being published recently by a mutual fund industry trade group.

“On average, more-recent generations of households have higher levels of resources to draw on in retirement than previous generations,” said a study by the Investment Company Institute. “Other measures also indicate improvements in retiree well-being. For example, the poverty rate among people aged 65 or older has declined from nearly 30 percent in 1966 to 9 percent in 2011.”

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week