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February 20, 2007

How Are New Retirees Doing Financially in Retirement?

Most new retirees are reasonably maintaining their income and assets: Over the 12-year period from 1992–2004, the majority of 65–75-year-old Americans appear to be starting their retirement reasonably successfully in terms of income and total wealth change. Overall, about 53 percent of Americans who have reached age 65 recently were found to have had no decline in household income, and 71 percent were found to have no decrease in total wealth over the period. About 60 percent had a decline in one or the other, but less than 20 percent had a decline in both.

Posted by Gary Holden at February 20, 2007 6:45 PM