Annual retirement survey: Caregivers less likely to save. Support for this critical role. – Herb Weiss
EBRI Survey Says Unpaid Caregivers Less Likely to Save for Retirement By Herb Weiss, contributing writer on aging issues According to the 33rd annual Retirement Confidence Survey (RCS) released last week, caregivers are more likely to have lower levels of assets and more likely to have problems with debt than non-caregivers. Because of this they are also less likely to have saved for retirement, and are more likely to retire earlier than planned for reasons out of their control, which can reduce the lifestyle of caregivers in retirement. According to the Employee Benefit Research Institute (EBRI), a nonpartisan organization researching health, personal finance and economic security issues, the RCS is the longest-running survey of its kind that measures worker and retiree confidence. The survey is conducted jointly by EBRI and Greenwald Research, a firm specializing in retirement, employee benefits and health care research. The online survey of 2,537 Americans was...