Bankers Life Center for a Secure Retirement (CSR) recently revealed some findings from its recently conducted survey of 1,000 Americans between ages 50 and 68 with annual household incomes ranging from $25,000 to $100,000, see details below:
Attitude Towards Retirement Saving
Threshold of Retirement Security
Investable Assets
One possible explanation to the small investable assets amount is maybe the boomers are heavily invested in their homes - medial home equity value was $100,000 to $250,000.
Attitude Towards Retirement Saving
- 38% feel very or extremely confident about their retirement savings
- 62% express doubt
Threshold of Retirement Security
- Middle income boomers view a half million dollars in investable assets as the financial threshold for retirement security
- 66% who have investable assets between $500,000 and $1 million, and 90% with investable assets greater than $1 million, are very confident their money will last throughout their retirement
Investable Assets
- Only 13% boomers have investable assets of $500,000 or more
- 54% have less than $100,000 (34% have less than $25,000)
One possible explanation to the small investable assets amount is maybe the boomers are heavily invested in their homes - medial home equity value was $100,000 to $250,000.
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