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Stock impact report

Retiring Broke? New Study Shows Less Savings & More Debt in 2024 [TheStreet.com]

Principal Financial Group Inc (PFG) 
Last principal financial group inc earnings: 4/27 04:15 pm Check Earnings Report
Company Research Source: TheStreet.com
(Washington, D.C.) – Results from the 2024 Spending in Retirement study released today by the Employee Benefit Research Institute (EBRI) uncovered concerning trends on dampened spending expectations due to lack of sufficient savings, inflationary pressures and rising credit card debt. In addition, the 2024 survey is consistent with prior EBRI work showing a high proportion of current retirees retiring earlier than expected due to reasons beyond their control, such as health problems or disability and changes at their company like downsizing, closure or reorganization. Key highlights in the new survey report include: • In 2024, retirees rated two out of three well-being measures lower than they did in 2020 and 2022. On a scale of 1–10, where 1 is “not at all aligned,” and 10 is “very aligned,” retirees rated lifestyle alignment with pre-retirement expectations an average of 5.7, down slightly from 6.4 in 2022 and 6.8 in 2020. Similarly, retirees rated their satisfaction with life Show less Read more
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