Only 1 in 5 workers nearing retirement are financially on track: "It will come down to hard choices" [CBS News]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: CBS News
away about eight times their salary in their retirement accounts. But the median savings of today's 55-year-olds is just $50,000, far from enough to fund a secure old age, according to a new study. In fact, only 1 in 5 people who are 55 years old have $447,000 or more saved for retirement, or eight times the average U.S. salary, Prudential Financial's 2024 Pulse of the American Retiree Survey found . The report jibes with another recent study on Gen X's retirement readiness, which found half of those surveyed believe it would take a "miracle" for them to be able to retire. The new findings come as the oldest members of Generation X, or people born between 1965 to 1980, are now entering their pre-retirement years, giving them a short period in which they can shore up their savings before stepping back from work. But many who are already lagging behind those savings milestones may end up unprepared — at least financially — for retirement, given that it would likely be difficult, if
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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