High Income Households Not Worried Enough About Retirement

Households with higher earners are more likely to be overconfident in their retirement savings.

Hand reaching for white piggy bank on purple background.
(Image credit: Getty Images)

How well do you think you’re prepared for retirement? Do you think you have enough saved, or not enough? A recent study from the Center for Retirement Research at Boston College looked at households’ self-assessed retirement preparedness, as retirement preparedness, or the lack thereof, can influence saving habits. 

While the study found that most households overall have a good sense of whether they are on track for retirement, some are “too worried” or “not worried enough."

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Erin Bendig
Personal Finance Writer

Erin pairs personal experience with research and is passionate about sharing personal finance advice with others. Previously, she was a freelancer focusing on the credit card side of finance, but has branched out since then to cover other aspects of personal finance. Erin is well-versed in traditional media with reporting, interviewing and research, as well as using graphic design and video and audio storytelling to share with her readers.