Tuesday, October 18, 2011

Ignorance about ageing leads to dangerous outcomes

Metlife has just published its 2011 Retirement Income IQ Survey giving insights into the knowledge, more accurately the lack of it, of pre-retires about retirement issues.

Looks to me like older people need to do a bit of extra homework.

As you can see from the example, only a third of people got the question about longevity correct.

Whenever I see research that says that “X% of older people think they have enough money to retire” I cringe since most of them would not have a clue if they have enough or not. This report reinforces that view. Dick Stroud

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