New John Hancock Retirement Report Shares Insights Across Generations on Overall Preparedness and Financial Resilience as Longevity Increases [Globe and Mail, The (Toronto, Canada)]
Manulife Financial Corporation (MFC)
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Source: Globe and Mail, The
With longer lives and potentially more years in retirement, action during working years is crucial BOSTON Oct. 22, 2024 /CNW/ - Today, John Hancock Retirement, a company of Manulife Investment Management, released the John Hancock Financial Resilience and Longevity Report , incorporating data from its tenth annual survey of its U.S. retirement plan participants and a separate panel of U.S. retirees. The report shows how workers continue to face financial challenges, with Baby Boomers generally in a better financial position compared to Gen Xers and Gen Z/Millennials. Retiree experiences differ quite significantly depending on how/when respondents retired – as planned or earlier than expected. Against a backdrop of longer life expectancy, and potentially more years to fund in retirement, the report explores what can be done to help improve financial resilience when working, possibly enabling people to save more for retirement. In addition to this latest report, earlier this year
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