Thrifty Thinking: State of Retirement Readiness

According to Fidelity Investments®’ biennial Retirement Savings Assessment study, people are saving more and investing more appropriately for their age, improving the overall state of retirement readiness of American households. As a result of this positive behavior, the number of people likely to be able to pay for at least essential retirement expenses jumped from 38 percent in 2013 to 45 percent today. However, this means more than half (55 percent) are still at risk of being unprepared to completely cover essential living expenses in retirement, which includes housing, health care and food.

I have a chance to post this interview from John Sweeney, Executive Vice President at Fidelity Investments, who reveals the results of this year’s Retirement Savings Assessment study, including three action steps most people can take, regardless of age or income, to help improve retirement readiness.