Report: Retirees in 41 states face retirement savings shortfalls averaging $109,000
By
Daniel de Visé
4h ago· 5 min readenNews
Summary
A new report from CareScout reveals that American retirees at age 65 face an average retirement shortfall of $109,000, with seniors in 41 states likely to outlive their savings. The report highlights that Americans fear running out of money in retirement more than death itself, as rising costs and longer lifespans strain retirement resources.
Source
bskyReport: Retirees in 41 states face retirement savings shortfalls averaging $109,000eu.usatoday.comKey quotes
· 3 pulledSurveys have shown that Americans fear running out of money in retirement more than they fear death itself.
The average American at age 65 faces a retirement shortfall of $109,000.
People are living longer, which means retirement lasts longer, and retirement costs are rising.
A new report lists 41 states where seniors are likely to outlive their retirement savings.
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