Americans Think about Retirement Often, but Expect Reality to Fall Short of Their Dreams
December 5, 2018
A new survey has found that while Americans spend a great deal of time dreaming about their retirement, they don’t do much to ensure those dreams will be real.
The survey was conducted by the retirement community company Provision Living, and asked 2000 workers from ages 22 to 74 about their expectations for retirement. Across all the age groups, 52 percent said they think about retirement at least four times per week.
Despite all this thinking, the respondents were not optimistic about the reality of their finances in retirement. The respondents, on average, said that the ideal amount they would have saved for retirement would be $610,000, but realistically, they expected to have only $276,000—less than half—saved. More than half of the respondents said they would likely have to work part-time in retirement.