Thank you for sharing!

Your article was successfully shared with the contacts you provided.

The Center for Retirement Research issued a report in February that said that 61% of Americans were “at risk” of not being able to enjoy the same standard of living in retirement as they did when working. The report defines someone at risk if they retired at age 65 and their savings, Social Security and pension benefits combined falls at least 10% short of covering basic living expenses, including increasing health care costs. One month later in March, Fidelity Investments released its annual health care cost estimate, which predicted a 65-year-old couple retiring in 2008 will spend approximately $225,000 on medical costs during the rest of their lifetime. The dollar amount has increased 41% since 2002 when Fidelity first began reporting the estimate.

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.