Study finds seniors in 41 states and D.C. face average $109,000 retirement shortfall
By
Hannah Boettcher
3h ago· 2 min readenNews
Summary
A new study by CareScout Analytics reveals that seniors in 41 states and Washington D.C. are projected to outlive their retirement savings, facing an average shortfall of $109,000. The gap represents the difference between expected retirement expenses and what Social Security, savings, and investments will cover, with financial strain particularly tied to long-term care costs.
Source
bskyStudy finds seniors in 41 states and D.C. face average $109,000 retirement shortfallokcfox.comKey quotes
· 3 pulledA new study by CareScout Analytics says seniors in 41 states and the District of Columbia are expected to outlive their retirement income and savings, underscoring the financial strain many older adults could face as they plan for long-term care.
CareScout Analytics found the average 65-year-old retiree faces a projected $109,000 shortfall in retirement.
The figure represents the gap between what retirees are likely to spend and what Social Security, savings and investments are expected to cover, according to the study.
A new study by CareScout Analytics says seniors in 41 states and the District of Columbia are expected to outlive their retirement income and savings, underscor
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