Equitable Survey Reveals Half of Americans Believe Retiring at Age 65 Is Unrealistic
Equitable's recent survey of over 1,000 consumers reveals significant shifts in retirement expectations. 47% of Americans believe retiring at 65 is unrealistic, with the average expected retirement age now at 74. Key challenges include increasing living expenses (68%), fear of insufficient savings (66%), and lack of guaranteed retirement income (39%).
The survey also found that 64% of consumers prefer a consistent, guaranteed paycheck in retirement, with millennials showing the highest interest at 70%. This preference highlights the growing concern about financial security in retirement, especially among younger generations who face more uncertainty in traditional retirement income sources.
Additionally, 57% of Americans view current economic conditions as highly volatile, driving increased demand for financial products like annuities that offer investment protection and steady income streams. U.S. annuity sales reached a record $385 billion in 2023, up 23% year-over-year, with strong momentum continuing into 2024.
Un recente sondaggio di Equitable su oltre 1.000 consumatori rivela significativi cambiamenti nelle aspettative relative alla pensione. Il 47% degli americani ritiene irrealistico andare in pensione a 65 anni, con l'età media prevista per il pensionamento ora fissata a 74 anni. Le principali sfide includono l'aumento delle spese vive (68%), la paura di non avere risparmi sufficienti (66%) e la mancanza di un reddito pensionistico garantito (39%).
Il sondaggio ha anche rivelato che il 64% dei consumatori preferisce un stipendio costante e garantito in pensione, con i millennials che mostrano il maggiore interesse al 70%. Questa preferenza sottolinea la crescente preoccupazione per la sicurezza finanziaria durante la pensione, specialmente tra le generazioni più giovani che affrontano maggiore incertezza riguardo alle fonti tradizionali di reddito pensionistico.
Inoltre, il 57% degli americani considera le attuali condizioni economiche come estremamente volatili, aumentando la domanda di prodotti finanziari come le rendite, che offrono protezione degli investimenti e flussi di reddito costanti. Le vendite di rendite negli Stati Uniti hanno raggiunto un record di 385 miliardi di dollari nel 2023, con un incremento del 23% rispetto all'anno precedente, e un forte slancio che continua nel 2024.
Una encuesta reciente de Equitable realizada a más de 1,000 consumidores revela cambios significativos en las expectativas de jubilación. El 47% de los estadounidenses cree que jubilarse a los 65 años es poco realista, con la edad promedio esperada para la jubilación ahora en 74 años. Los desafíos clave incluyen el aumento de los gastos de vida (68%), el temor a no tener ahorros suficientes (66%) y la falta de ingresos garantizados para la jubilación (39%).
La encuesta también encontró que el 64% de los consumidores prefiere un cheque de pago consistente y garantizado en la jubilación, siendo los millennials los que muestran mayor interés, con un 70%. Esta preferencia resalta la creciente preocupación por la seguridad financiera en la jubilación, especialmente entre las generaciones más jóvenes que enfrentan más incertidumbres en las fuentes de ingresos tradicionales para la jubilación.
Además, el 57% de los estadounidenses ve las condiciones económicas actuales como altamente volátiles, lo que impulsa una mayor demanda de productos financieros como las anualidades, que ofrecen protección de inversión y flujos de ingresos constantes. Las ventas de anualidades en EE.UU. alcanzaron un récord de 385 mil millones de dólares en 2023, un aumento del 23% en comparación con el año anterior, y el fuerte impulso continúa en 2024.
Equitable의 최근 1,000명 이상의 소비자를 대상으로 한 조사 결과는 은퇴 기대에 있어 상당한 변화가 있음을 보여줍니다. 미국인의 47%는 65세에 은퇴하는 것은 비현실적이라고 믿고 있습니다, 현재 예상 은퇴 연령은 74세입니다. 주요 도전 과제로는 생활비 증가(68%), 불충분한 저축에 대한 두려움(66%), 보장된 은퇴 소득 부족(39%)이 있습니다.
조사에서는 소비자의 64%가 은퇴 시 일관되고 보장된 급여를 선호한다고 밝혔으며, 특히 밀레니얼 세대는 70%로 가장 높은 관심을 보이었습니다. 이러한 선호는 전통적인 은퇴 소득원에서 더 많은 불확실성에 직면한 젊은 세대 사이에서 은퇴 시 재정 안전성에 대한 우려가 커지고 있음을 강조합니다.
또한, 57%의 미국인이 현재 경제 상황을 매우 변동성이 큰 것으로 보고 있습니다, 이는 투자 보호와 안정적인 수입원을 제공하는 연금 상품에 대한 수요 증가를 촉진하고 있습니다. 미국의 연금 판매는 2023년 3,850억 달러에 달해 전년 대비 23% 증가했으며, 2024년에도 강한 성장세가 계속되고 있습니다.
Une récente enquête d'Equitable auprès de plus de 1 000 consommateurs révèle des changements significatifs dans les attentes de retraite. 47 % des Américains estiment qu'il est irréaliste de prendre sa retraite à 65 ans, l'âge moyen prévu pour la retraite étant désormais de 74 ans. Les principaux défis incluent l'augmentation des frais de subsistance (68 %), la peur de ne pas avoir suffisamment d'économies (66 %) et le manque de revenus de retraite garantis (39 %).
L'enquête a également révélé que 64 % des consommateurs préfèrent un salaire constant et garanti à la retraite, les millennials montrant le plus grand intérêt à 70 %. Cette préférence souligne la préoccupation croissante concernant la sécurité financière à la retraite, en particulier parmi les générations plus jeunes qui font face à plus d'incertitudes quant aux sources de revenus traditionnelles de la retraite.
En outre, 57 % des Américains considèrent que les conditions économiques actuelles sont très volatiles, ce qui accroît la demande pour des produits financiers comme les rentes, qui offrent une protection des investissements et des flux de revenus stables. Les ventes de rentes aux États-Unis ont atteint un record de 385 milliards de dollars en 2023, en hausse de 23 % par rapport à l'année précédente, avec une forte dynamique continue en 2024.
Eine aktuelle Umfrage von Equitable unter mehr als 1.000 Verbrauchern zeigt signifikante Veränderungen in den Rentenerwartungen. 47% der Amerikaner glauben, dass es unrealistisch ist, mit 65 in Rente zu gehen, wobei das durchschnittliche erwartete Rentenalter nun bei 74 Jahren liegt. Wichtige Herausforderungen sind steigende Lebenshaltungskosten (68%), die Angst vor unzureichenden Ersparnissen (66%) und das Fehlen eines garantierten Renteneinkommens (39%).
Die Umfrage ergab zudem, dass 64% der Verbraucher ein konsistentes und garantiertes Gehalt im Ruhestand bevorzugen, wobei Millennials mit 70% das größte Interesse zeigen. Diese Präferenz unterstreicht die zunehmende Besorgnis über die finanzielle Sicherheit im Ruhestand, insbesondere unter jüngeren Generationen, die mit mehr Unsicherheiten bezüglich traditioneller Einkommensquellen im Ruhestand konfrontiert sind.
Darüber hinaus sehen 57% der Amerikaner die aktuellen wirtschaftlichen Bedingungen als hochgradig volatil an, was die Nachfrage nach Finanzprodukten wie Renten erhöht, die Investitionsschutz und stabile Einkommenströme bieten. Die Rentenverkäufe in den USA erreichten im Jahr 2023 einen Rekord von 385 Milliarden Dollar, ein Anstieg von 23% im Jahresvergleich, und der starke Trend setzt sich auch 2024 fort.
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Equitable’s survey revealed that nearly half of consumers (
“Today’s world is full of uncertainty, and inflation continues to make everything more expensive. This is having a profound impact on Americans’ retirement confidence, causing many to feel they will need to work well beyond age 65 to save enough — not out of choice, but rather necessity,” said Nick Lane, President of Equitable. “While everyone has a different financial situation and vision for retirement, a financial professional can help develop a plan that keeps you on track. The ultimate goal is to retire on your own timetable, when it makes sense personally and professionally.”
Equitable’s survey also found that if given the choice, nearly two-thirds of consumers (
With that said, it is noteworthy that Equitable’s survey found that baby boomers, those closest to retirement, are the least interested in the security of a steady paycheck in retirement compared to younger workers, like millennials. This perhaps can be attributed to the fact that most baby boomers, given their stage of life, are more likely to already have access to reliable sources of retirement income — such as payments from Social Security or a traditional pension. Whereas younger generations face more uncertainty in these areas and will likely need greater support to ensure they don’t outlive their savings in the future.
“Automatic enrollment, automatic escalation and target-date funds have been game changers in helping more Americans accumulate retirement savings. However, what’s often overlooked is how to help workers convert their savings into a reliable stream of income in retirement,” said Lane. “With the disappearance of traditional pension plans, the burden has shifted to individuals — especially younger generations — to seek the education, guidance and solutions to ensure their savings last throughout retirement.”
Equitable’s survey also revealed that nearly six in ten (
According to LIMRA,1
About the study:
The survey was conducted by an independent, global consumer and B2B panel provider. Respondents include 1,000
About Equitable:
Equitable, a principal franchise of Equitable Holdings, Inc. (NYSE: EQH), has been one of America’s leading financial services providers since 1859. With the mission to help clients secure their financial well-being, Equitable provides advice, protection and retirement strategies to individuals, families and small businesses. Equitable has more than 8,000 employees and Equitable Advisors financial professionals and serves 3 million clients across the country. Please visit equitable.com for more information.
Reference to the 1859 founding applies specifically and exclusively to Equitable Financial Life Insurance Company. All guarantees provided within annuities are based solely on the claims-paying ability of the issuing life insurance company. Equitable is the brand name of Equitable Holdings, Inc., and its family of companies, including Equitable Financial Life Insurance Company (NY, NY) and Equitable Financial Life Insurance Company of America, an
Annuities are long-term financial products designed for retirement purposes. They are contractual agreements in which payments are made to an insurance company, which agrees to pay out an income or a lump sum amount at a later date. Contract limitations, fees and charges apply. Annuities are not suitable for all investors. Some variable annuities let you partially protect your savings while investing for growth potential. With such partial downside protection, there is a risk of a substantial loss of principal and previously credited interest because the contract holder agrees to absorb all losses to the extent they exceed the downside protection provided. In general, variable annuities are subject to investment risks, including possible loss of principal invested, and generally contain certain exclusions and limitations. Be sure to learn about the rules and potential risk before you invest.
Variable annuities are offered by prospectus, which contains important information about investment objectives, risks, charges, and expenses. For a prospectus, contact your financial professional or the issuing life insurance company and read the prospectus carefully before investing or sending money.
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1 LIMRA’s
2 LIMRA’s
View source version on businesswire.com: https://www.businesswire.com/news/home/20240808132638/en/
Media:
Bill Sutton
(315) 373-9685
mediarelations@equitable.com
Source: Equitable
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