Even with the run-up in the stock market and housing prices, half of all American households are at significant risk of not being able to maintain their current standard of living after retirement.
That’s the conclusion of a surprising new study released last week by the Center for Retirement Research at Boston College.
That’s only slightly better than the Center’s National Retirement Risk Index showed in 2010, in spite of a 45% inflation-adjusted increase in the stock market and a 6% increase in home prices since then.
In fact, the Center’s research shows the picture is even worse than in 2007, which is why the study concluded…
[Read more…] “Why half of households will STILL struggle in retirement”