Three generations of savers: How do you compare?
New research evaluating the retirement outlook of American workers highlights a number of issues common to all generations. But there are also some surprising differences...[node:field_featured_media:entity:field_media_image]
The findings were identified in the 17th Annual Transamerica Retirement Survey, one of the largest and longest running U.S. surveys of its kind. The survey is carried out by the Transamerica Center for Retirement Studies®.
For many, key findings from the survey may not come as a surprise. For example, sixty-one percent of workers have not fully recovered from the Great Recession. And thirty-eight percent of workers are expecting income from continued work during their retirement.
The report however, titled Perspectives on Retirement: Baby Boomers, Generation X, and Millennials, also highlights some clear and surprising differences between generations.
The Transamerica Center for Retirement Studies (TCRS) is a division of Transamerica Institute, a nonprofit, private foundation dedicated to identifying, researching and educating the public about retirement, health coverage, and other relevant financial issues facing Americans today. Transamerica Institute is funded by contributions from Aegon's US subsidiary, Transamerica Life Insurance Company and its affiliates and may receive funds from unaffiliated third parties.