55-year-old Americans are ‘critically underprepared' for retirement, survey finds [CNBC]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: CNBC
The study found that 67% of 55-year-olds surveyed said they fear they will outlive their savings, compared with 59% of 65-year-olds and 52% of 75-year-olds. To that point, with just a decade until retirement, 55-year-old Americans have less than $50,000 in median retirement savings, the study reported. Those factors could lead to a rise in “silver squatters” who are forced to rely on family for housing and financial support. The study found that 24% of 55-year-olds surveyed said they expect family to provide support in retirement, twice the proportion of current 65- and 75-year-olds who said the same. But nearly half of those 55-year-olds have not discussed this need with family. “Silver squatters” is the term coined for people who expect to move in with their adult children, and their plans may surprise millennials and Gen Z. “You don't necessarily think about that generation who's been providing for their own parents and providing for their children as then turning around a
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PRU
Earnings
- 4/30/24 - Miss
PRU
Sec Filings
- 6/24/24 - Form 11-K
- 6/17/24 - Form 4
- 6/17/24 - Form 4
- PRU's page on the SEC website