The Insured
Retirement Institute has found that in this fifth year of its survey, only 27%
of boomers are confident that their savings will see them through retirement.
In 2011, nearly 40% felt that way.
44% expect
that their financial situation will improve over the next five years. That’s an
increase from last year, when just 32% thought they could see light at the end
of the tunnel.
But that
optimism could be misplaced. The report also found that, in the past year,
almost a quarter of boomers had problems making rent or mortgage payments, and
19% gave up contributing to a retirement account.
Source:
Insured Retirement Institute, BenefitsPro.com
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