Retiree Life in the Post-Pandemic Economy

December 17, 2024

A new study, "Retiree Life in the Post-Pandemic Economy," offers a detailed look at the health, finances, and lifestyles of U.S. retirees. Here are some highlights:

89% of retirees are happy, with strong family ties (88%) and a positive outlook on life (86%).
Retirees report a median household income of $55,000 and median savings (excluding home equity) of $71,000 in 2023.
While 62% are staying in their pre-retirement homes, 38% have moved—most commonly to downsize, save money, or be closer to loved ones.
Social Security is critical for 91% of retirees, followed by personal savings (61%), investments (47%), and retirement accounts like 401(k)s (41%).

Get the full story to gain valuable insights to better serve the needs of retirees and their financial future.

Category: Reverse Market News

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