Sentences with phrase «households approaching retirement»

Four in five households approaching retirement hold debt, a ratio that has remained steady for several decades.

Larger mortgages, higher student loans and a greater overall comfort with debt than displayed by earlier generations has increased the average debt for households approaching retirement by nearly 160 % from 1989 to 2010, according to AARP.

As a result, median 401 (k) / IRA balances for households approaching retirement remain at $ 120,000, roughly the same as in 2007.

A study conducted by the Center for Retirement Research at Boston College using data from the Federal Reserve's 2010 Survey of Consumer Finances found that the typical household approaching retirement is ill prepared financially.

Not exact matches

For a quick approach, experts estimate that you'll need 60 - 85 % of your current household income to live comfortably during retirement.