FAST FIVE: "Sleepwalking Into A Crisis": Most Americans & Europeans Are Terrified About Retirement
The findings show that many people are “sleepwalking” into a financial crisis with little or no savings toward their golden years.
The average respondent in the Netherland retires around 67 years old.
The survey suggested that working longer makes retirement much more comfortable to live.
Take, for example, France, a majority of current retirees say they do not “enjoy the same standard of living they had when working.” In the US, less than one-third of American retirees say their retirement life is economically depressing.
With the expectation of government budget cuts, low saving rates, out of control inequality, and volatile markets, retirement for future generations will be a financial nightmare.