Here is the age when many Americans hope to retire

Link:https://www.cnbc.com/2022/01/03/here-is-the-age-when-many-americans-hope-to-retire.html

Excerpt:

The youngest cohort, Generation Y — ages 25 to 40 — plans to retire at an average age of 59. For Generation X — now 41 to 56 — the average age is 60. Baby boomers — who range from 57 to 75 — indicated they plan to work longer, with an average expected retirement age of 68.

That’s as 83% of non-retired U.S. investors said they are confident they will be financially secure in retirement. That includes 88% of Gen Y, 82% of Gen X and 79% of baby boomers.

Author(s): Lorie Konish

Publication Date: 3 Jan 2022

Publication Site: CNBC