Society of Actuaries Releases Retirement Risk Survey Findings Highlighting Financial Shocks and Inflation Pressures
The Society of Actuaries' Retirement Risk Survey reveals that financial shocks, caregiving responsibilities, and inflation pressures are significantly impacting retirement preparedness. The survey found that 59% of retirees left the workforce earlier than expected, and pre-retirees are experiencing more financial shocks, including family emergencies draining savings. These findings underscore the need for retirement planning to account for unexpected risks.
Topics: aging population economic risk financial preparedness retirement planning