“Sleepwalking Into A Crisis”: Most Americans & Europeans Are Terrified About Retirement

Read more on this subject: United States
News Story Source: https://www.zerohedge.com
The ING International Survey Savings 2019, the eighth in an annual series, surveyed 14,695 people in Europe, the US, and Australia, and discovered the majority worry about not having enough money in retirement. The findings show that many people are "sleepwalking" into a financial crisis with little or no savings toward their golden years.

Half of the retirees in Europe tell ING that their standard of living has dramatically declined due to their underfunded retirement plan. Two in five of those in Europe who have not yet retired say they expect to get less in retirement than they paid into their pension.

And more than half of Europeans who have not yet retired tell ING they expect to work in the gig-economy to continue generating income streams well into their retirement.

The shocker: One in four Europeans had no savings at the end of 2018 when this report was conducted, making it virtually impossible to save towards retiremen
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