Seniors in 49 states are struggling to afford retirement – Oct. 9, 2014

“Seniors in almost every state in the country don’t have enough income to get by comfortably.

Households ages 65 and older in the U.S. are living on an average of only $37,847 a year. That’s around 60% of the annual earnings of today’s 45- to 64-year olds and falls well short of the 70% in pre-retirement income that’s typically recommended for retirees, according to an Interest.com analysis of 2013 Census Bureau data.

“It’s clear that, nearly everywhere in the country, older Americans still don’t have the kind of money coming in they need for a secure and comfortable retirement,” said Mike Sante, managing editor of Interest.com.”

via Seniors in 49 states are struggling to afford retirement – Oct. 9, 2014.

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