{"id":341324,"date":"2021-09-19T02:28:00","date_gmt":"2021-09-18T23:28:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/retire-better-when-it-comes-to-retirement-security-wereno-17\/"},"modified":"2021-09-19T02:28:00","modified_gmt":"2021-09-18T23:28:00","slug":"retire-better-when-it-comes-to-retirement-security-wereno-17","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/retire-better-when-it-comes-to-retirement-security-wereno-17\/","title":{"rendered":"#Retire Better: When it comes to retirement security we\u2019re\u2026No. 17"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a337cc1184f8\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a337cc1184f8\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-better-when-it-comes-to-retirement-security-wereno-17\/#This_group_of_Americans_is_gloomiest_about_retirement%E2%80%94with_good_reason\" >This group of Americans is gloomiest about retirement\u2014with good reason<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/retire-better-when-it-comes-to-retirement-security-wereno-17\/#Paul_Brandus\" >Paul Brandus<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#Retire Better: When it comes to retirement security we\u2019re\u2026No. 17<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"This_group_of_Americans_is_gloomiest_about_retirement%E2%80%94with_good_reason\"><\/span>\n  This group of Americans is gloomiest about retirement\u2014with good reason<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000408079\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000408079\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Somehow shouting \u201cWe\u2019re number 17!\u201d just doesn\u2019t have the right ring to it.\u00a0<\/p>\n<p> But that\u2019s where the United States ranks\u201417th\u2014in terms of retiree well-being. That\u2019s according to the\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.im.natixis.com\/us\/research\/2021-global-retirement-index\" class=\"icon none\">2021 Global Retirement Index<\/a>\u00a0released by Natixis Investment Managers. The index provides a snapshot of the relative financial security of retirees in 44 countries in four key areas:\u00a0<\/p>\n<div class=\"paywall\">\n<ul class=\"articleList\">\n<li>\n      Material well being (having enough money). The U.S. ranks 11th.\u00a0<\/p>\n<\/li>\n<li>\n      Retirement finances (access to qualified financial advisers and services to help preserve savings value and maximize income). The U.S. ranks 17th.<\/p>\n<\/li>\n<li>\n      Access to good healthcare. The U.S. ranks 21st.<\/p>\n<\/li>\n<li>\n      Quality of life (a clean, safe environment in which to live). The U.S. ranks 26th.\u00a0<\/p>\n<\/li>\n<\/ul>\n<p>Obviously these things are intertwined. Without the first item\u2014having enough money\u2014experienced financial advisers <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a>ly won\u2019t even sit down with you, and insufficient assets obviously influences the kind of healthcare you receive and whether you live in a place with low crime, good schools, roads and all the rest.\u00a0<\/p>\n<p>Based on what those surveyed in the United States said, Natixis\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.im.natixis.com\/us\/research\/2021-global-retirement-index\" class=\"icon none\">plastered an ominous headline<\/a>\u00a0on the study\u2019s webpage, saying \u201cIt\u2019ll Take A Miracle\u201d to \u201cretirement securely in an insecure world.\u201d That\u2019s what two in five respondents told them.\u00a0<\/p>\n<p>What\u2019s interesting is that this gloom is less evident among older Americans, but much more prevalent among younger Americans. For example, 30% of baby boomers (born between 1946 and 1964 and currently retiring at the rate of 10,000 a day), are gloomy about their \u201cretiree well-being.\u201d But 45% of Generation X (born between 1965 to 1980), and 46% of Generation Y, better known as millennials (born 1981 to 1996) are.\u00a0\u00a0<\/p>\n<p>There\u2019s more gloom among younger Americans for one big reason: They don\u2019t think <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Social<\/a> Security will be around for them\u2014at least not in its present configuration. Three-quarters (77%) of all Americans surveyed fear that rising government debt will lead to reduced Social Security benefits, making it harder for retirees to make ends meet.<\/p>\n<p>Read: Worried about Social Security? 5 ways to save it<\/p>\n<p>The fear is understandable. As we\u2019ve mentioned many times before, no less an authority than the Social Security Trustees have warned for years\u2014<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ssa.gov\/OACT\/TR\/2021\/tr2021.pdf\" class=\"icon none\">and as recently as two weeks ago<\/a>\u2014 that the system\u2019s gargantuan Trust Fund is now burning through more cash than it\u2019s taking in. By fiscal year 2034 the Trust Fund will be gone.\u00a0<\/p>\n<p>What h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ens then? In 2034, baby boomers will range in age from 70 to 88, and Gen Xers from 54 to 69. They\u2019ll still get Social Security, but based on Trustee projections, just 78 cents in the dollar. Tens of millions of retirees today are heavily \u2014 or even utterly \u2014 dependent on Social Security, and the prospect of a 22% cut is, frankly, frightening.\u00a0<\/p>\n<div data-layout=\"inline\n                \" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetDynamic\n            inline\n    scope-web|mobileapps\n  article__inset\n          article__inset--type-InsetDynamic\n            article__inset--inline\n  \"><\/p>\n<div class=\"dynamic-inset-container article__inset__dynamic\">\n<style>\n    .wsj-interactive.generic-iframe-embed[name=\"myiframe\"] {\n        height: 445px;\n        margin-bottom: 5px;\n    }\n    .at16units .bleed .wsj-interactive.generic-iframe-embed[name=\"myiframe\"] {\n        height: 445px;\n    }\n    body.at12units .bleed .wsj-interactive.generic-iframe-embed[name=\"myiframe\"] {\n        height: 445px;\n    }\n    body .inline .wsj-interactive.generic-iframe-embed[name=\"myiframe\"],\n    body .offset .wsj-interactive.generic-iframe-embed[name=\"myiframe\"],\n    body .header .wsj-interactive.generic-iframe-embed[name=\"myiframe\"],\n    body.at8units .bleed .wsj-interactive.generic-iframe-embed[name=\"myiframe\"] {\n        height: 445px;\n    }\n    body.at4units .inline .wsj-interactive.generic-iframe-embed[name=\"myiframe\"],\n    body.at4units .offset .wsj-interactive.generic-iframe-embed[name=\"myiframe\"],\n    body.at4units .header .wsj-interactive.generic-iframe-embed[name=\"myiframe\"] {\n        height: 445px;\n    }\n<\/style>\n<p><iframe class=\"wsj-interactive generic-iframe-embed\" name=\"myiframe\" width=\"100%\" scrolling=\"no\" frameborder=\"no\" src=\"https:\/\/www.newretirement.com\/retirement\/carousel-5-tiles\/\"><\/iframe><\/p>\n<div class=\"wsj-article-caption\" itemprop=\"caption\">\n<\/div><\/div>\n<\/p><\/div>\n<p>       <strong>Fattening the Trust Fund<\/strong><\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>And those reduced benefits\u2014where will the money come from? The place it comes from now: payroll taxes that are paid by employers and employees (each currently pays 6.2% of a person\u2019s wage into the Trust Fund).\u00a0<\/p>\n<p>The problem is there aren\u2019t enough younger workers to support all the boomers and Gen Xers. The U.S. birthrate is at its lowest level in decades\u2014American women simply aren\u2019t having very many babies\u2014and there\u2019s an antipathy toward immigration, at least in some circles. Consider the fact that there are\u2014right now\u2014<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/jolts.nr0.htm.\" class=\"icon none\">10.9 million job openings<\/a>\u00a0in the United States, according to Labor Department data.\u00a0Each unfilled job deprives the Trust Fund of badly needed revenue.\u00a0\u00a0<\/p>\n<p>So unless we get a lot more workers, and fast, the only way to prop up the system is with pain: benefit cuts or tax hikes. No wonder younger workers are gloomy.\u00a0<\/p>\n<p>So it\u2019s hardly surprising then, that the Natixis study also said:\u00a0<\/p>\n<ul class=\"articleList\">\n<li>\n      Nearly three in five workers think they\u2019ll have to keep working for longer to save enough for retirement\u00a0<\/p>\n<\/li>\n<li>\n      36% think they\u2019ll never have enough to retire, including 51% of millennials, 48% of Generation X and 20% of boomers\u2014again, a correlation between youth and gloom.\u00a0<\/p>\n<\/li>\n<li>\n      And whatever workers do have saved, two-thirds (68%) worry that long-term inflation will erode their purchasing power (sidebar: the U.S. Consumer Price Index has risen\u00a05.3% over the past year,\u00a0according to data released Tuesday)<\/p>\n<\/li>\n<li>\n      Nearly two-thirds (64%) worry about soaring healthcare costs.<\/p>\n<\/li>\n<li>\n      Half (50%) worry that low interest rates will make it harder to generate income in retirement (though if inflation remains high, the Federal Reserve may be more likely to hike rates).<\/p>\n<\/li>\n<\/ul>\n<p>Meanwhile, a recent\u2014and giant\u2014problem\u2014is adding to retirement worries: The pandemic, which has \u201cexacerbated\u00a0financial inequality and accelerated long-term trends that are eroding the prospect of retirement security for many,\u201d says\u00a0Jim Roach, Natixis\u2019s Senior VP of Retirement Strategies.\u00a0<\/p>\n<p>He\u2019s right. Because of the pandemic, millions have been pushed into retirement earlier than planned, accelerating the drain on Social Security. The job market has and continues to be severely disrupted. The U.S. healthcare system, in places, is straining, if not buckling, under the pressure of greater demand. It really might \u201ctake A miracle\u201d to retire securely in an insecure world.\u201d<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Paul Brandus\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/paul-brandus\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/WestWingReport\",\"text\":\"@WestWingReport\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:contributors@marketwatch.com\",\"text\":\"contributors@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\" aria-label=\"links to  author page\"><span class=\"ez-toc-section\" id=\"Paul_Brandus\"><\/span>Paul Brandus<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-763A-0F8D9624DAE8%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Retire Better: When it comes to retirement security we\u2019re\u2026No. 17&#8221; This group of Americans is gloomiest about retirement\u2014with good reason Somehow shouting \u201cWe\u2019re number 17!\u201d just doesn\u2019t have the right ring to it.\u00a0 But that\u2019s where the United States ranks\u201417th\u2014in terms of retiree well-being. That\u2019s according to the\u00a02021 Global Retirement Index\u00a0released by Natixis Investment Managers&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":341325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-341324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/341324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=341324"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/341324\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/341325"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=341324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=341324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=341324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}