Tuesday, August 02, 2011
Are married people (with adult kids) better prepared for retirement than singletons?
Robert Rowell has a Market Watch story on Yahoo!, “The Retirement-Savings Crisis Is Overblow”, link here.
There is a curious statistic reported, that, according to a Rand study, 55% of single persons are prepared adequate prepared for retirement, but 80% of married people are. That may be because two can live more efficiently than one, and having kids (at least in marriage) ultimately works both ways financially. 89% of college-educated people were prepared.
Of course, recent Census reports show that minorities are falling behind, partly because of negative equity in homes, and because Hispanics particularly tend to live in areas where real estate was hit the hardest.
In this story, follow the CNN link, “why I took social security early”.