US. Less Than Half of Pre-Retirees Actively Saving for Retirement

Only 40% of pre-retirees—those between five and 10 years away from their desired retirement age—say they are financially preparing for retirement. This according to New York Life’s latest Wealth Watch survey, released Sept. 17, which found that American adults overwhelmingly report they are not financially preparing for major life events like purchasing a home, starting a family, changing careers, or retirement. The survey also found half of pre-retirees think they will retire later than expected, and 22% think they may never...