Americans are prepared to work longer in order to save enough for retirement, according to a survey by Wells Fargo & Co. (WFC)
About 76 percent of respondents said it’s more important to reach a specific dollar amount before retiring, compared with 20 percent who said it’s more important to retire at a given age, regardless of savings, according to the survey of adults with household incomes or assets from about $25,000 to $100,000.
“Eighty is the new 65,” Joseph Ready, executive vice president of Wells Fargo Institutional Retirement & Trust, said in an interview at Bloomberg headquarters in New York before the survey was released today. “It’s a real sea change.”
Read the rest at Bloomberg
by Elizabeth Ody
Productivity freaks will love it, but those concerned with youth unemployment will hate it.
3 comments:
In the midst of abundance we preach sacrifice and endless toiling. Sick!
But the rentiers class (aka "job creators" NOT!!!!) sit around and produce nothing, only to see their wealth skyrocket as a result of gov't sanctioned asset hoarding or games of high stakes financial speculation, all designed to drain the bounty one way or another from those who produced it. Serfdom.
we cant all be walmart greeters. dumbasses. lower the age to 55 and increase benefits. whose country is this anyway?
we cant all be walmart greeters. dumbasses. lower the age to 55 and increase benefits. whose country is this anyway?
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