Mature American women expect to live long lives and know that the retirement lifestyle they want will require significant financial resources. However, their actual planning and preparation lag.
Source: MetLife Study of Women, Retirement, and the Extra-Long Life: Implications for Planning, produced by the MetLife Mature Market Institute, in conjunction with the Scripps Gerontology Center of Miami University, 2011
- Seven out of 10 mature women are concerned about affording health care and long-term care costs in retirement
- 54% of women are concerned about outliving their retirement resources
- Women are less likely than men to calculate retirement income and expenses
- The “Three Cs”—Communication + Compatibility = Confidence—is a formula for how married couples can improve their active retirement planning
- Note: The findings are not surprising to professionals in fields related to retirement planning. However, this report does an excellent job of combining original research findings with demographic and other data.
- Summarize and report the trends
- Does your company’s or industry’s experience differ from these broad trends? Or more likely, does it reflect these same trends?
- How is your company or industry positioning itself to benefit from reported trends?
- Case studies or representative stories about how mature adults have planned for and implemented successful retirements.
- How are your employees preparing for retirement?
Background info on this study:
A national survey of 1,007 retired and employed men and women ages 50 to 70, supplemented with in-depth structured interviews of 50 individuals and couples.