|Mary Ann Tasoulas|
Research conducted by
• 33% of retirees confirmed they are experiencing a lower standard of living in retirement than in their working years, based on the monthly income they have to live on.
• 8% of pre-retirees expected to have a lower standard of living when they stop working and enter retirement.
• 80% said they would be willing to make a financial trade-off and give up some spending money today in order to secure a level of guaranteed retirement income in the future.
• 37% expected to run out of money needed to support their desired lifestyle in retirement.
• 34% believed that
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