U.S. Faces Retirement Crisis, Working Women Say

Eight in 10 working-age American women believe that the United States faces a retirement crisis and that the typical worker cannot save enough to guarantee a secure retirement, according to a research infographic released this week by the National Institute on Retirement Security, a research group that promotes defined benefit pensions.

The research was based on a nationwide survey conducted by Greenwald Research in October among 1,208 working individuals 25 and older.

Female respondents said that retirement is only getting harder, for these reasons:

Inflation: 77%
Rising health care costs: 77%
Rising long-term care costs: 70%
Debt: 58%
Fewer pensions: 58%

Eighty-one percent said that employers should contribute more money to workers’ retirement plans.  

According to 82% of women in the survey, all workers should have a pension so they can be independent and self-reliant in retirement, and 75% said the disappearance of pensions has made it harder to achieve the American dream.