Meet the rich retired boomers who are now ultra-frugal because they are scared of going broke—even after savings for decades [Yahoo! Finance]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: Yahoo! Finance
It's not just Gen Z who can't afford the cost of living right now. Even boomers who have retired with at least six figures in savings are feeling the pinch. That's according to a new study from Prudential Financial . The Fortune 500 investment, money management and retirement planning firm surveyed around 20,000 people over 50 years old and found that retirees are living well below their means. Married 65-year-olds with at least $100,000 in financial assets withdrew an average of 2.1% of their savings annually—that is, nearly half the usual spending rate of retirees, per newly released research David Blanchett, head of retirement research at PGIM DC Solutions, an affiliate of Prudential Financial and co-author of the study told The Wall Street Journal that since 1926, retirees have been able to spend 4% of their savings per anum without risking running out of money in the last 30 years of their lives. But now, the prospect of living to upwards of 95 years old is becoming an i
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News
- Will MetLife Benefit In 2025? [Forbes]Forbes
- PGIM Adds Two Buffer ETF Series and Laddered Buffer ETF to LineupBusiness Wire
- ‘Baby steps’ toward retirement: Prudential gives Generation Beta a savings kick start and launches first-of-kind studyBusiness Wire
- NJ FAST powered by Plug and Play Graduates 14 Startups in its Inaugural Program [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Prudential Financial (PRU) Stock? [Yahoo! Finance]Yahoo! Finance
PRU
Earnings
- 10/30/24 - Beat
PRU
Sec Filings
- 12/26/24 - Form 424B2
- 12/17/24 - Form 424B2
- 12/16/24 - Form 4
- PRU's page on the SEC website