Ready to Retire?
A look at where workers stand in planning for later life
Many people are behind
on their preparations
for retirement...
of workers say they are
behind schedule
in planning and saving
for retirement
Only
of workers say they or
their spouse are
currently saving
for later life
of workers age 55-plus have
less than $100,000
in savings and investments,
excluding home equity
and pensions
Sources: Employee Benefit Research Institute;
wells Fargo Bank
But there are signs
that at least some are
facing up to reality
of people in their 50s have a
written plan
for retirement
of people in their 50s
say they recognize the
need to "significantly"
cut back on
spending
to save for retirement
of pre-retirees say
they would prefer
delaying the age
they begin collecting
Social Security so they can
receive higher payments
wsj.net