Summary
A new TIAA survey finds that only 37 percent of Americans believe retiring between ages 65 and 70 is realistic, while the majority expect to work past traditional retirement age or indefinitely. The shift comes as pensions decline and retirement planning places more financial burden on individuals. Roughly 20 percent of adults say they’re not saving at all, and about 25 percent expect to keep working to meet expenses. Rising costs and lack of financial literacy compound the problem. Many express interest in guaranteed-income options like annuities, though confusion and distrust remain widespread.
Money
