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Retirement Worries

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Retirement Worries

Most people in our area think a comfortable retirement is out of reach and plan to delay their retirement to maintain their standard of living: As residents in the New York metropolitan area face rising costs and tough economic times, many are not optimistic about their ability to maintain even their current economic standing when they retire. 59% believe their standard of living will decline at retirement. 27% are hopeful they will be able to maintain the lifestyle they now have, and only 8% believe their economic situation will improve after retirement. In addition, most residents believe they will need to delay their retirement to a later age than they expected in order to maintain their standard of living. Although this opinion is shared across all age groups, more people under 35 hold this view than those 35 and older.

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8 Comments

8 Comments

  1. Aldrich

    September 7, 2011 at 3:30 pm

    It is actually a nice valuable bit of details. I’m grateful which you shared this helpful details with us. Please keep informed like that. Appreciate your sharing.

  2. Geoff Wein

    January 26, 2011 at 1:53 am

    It certainly does matter where you live. Someone relocating from a costly real estate market to a cheaper real estate market can buy more house, perhaps even own the house outright with the equity that they cashed out in the higher market.
    I could certainly relax a bit more without a mortgage.

  3. Capricorn Man %0B

    December 21, 2010 at 2:31 pm

    when i do get my retirement, i would really love to relax near the beach and enjoy a home on a tropical country -:*

  4. Hair Loss Treatments :

    October 25, 2010 at 4:26 am

    when i get a retirement, i would like to spend it on a tropical island with a very relaxing atmosphere;”*

  5. Arthritis Remedies 

    October 13, 2010 at 3:33 pm

    i always save money for my own retirement, i would also like to invest on some stuffs`,`

  6. Ellie Hughes

    July 28, 2010 at 5:03 am

    as for my retirement, i plan to retire on an asian country and live a quiet and simple life.;~*

  7. Retirement

    June 17, 2010 at 2:53 pm

    I believe it doesn’t matter where you live with regards to the cost of living and
    maintaining your current lifestyle in retirement. Many due to the economy have lost bundles in their reitrement funds and will not re-coupe. I feel most will have to extend their working and change their lifestyle. Maybe downsizing: Houses,
    vehicles, vacations, pets, etc. Disposable income is not so disposable these days.

  8. Lydia Owen

    May 25, 2010 at 9:52 pm

    i am saving money for my retirement because i want to enjoy most of my time as an old man.:`’

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