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According to a recently available global survey by AXA Equitable, American workers are confident, however, not well-informed, about their economic outlook in retirement. As an example, 60 percent of workers believe their retirement income will be sufficient, but only 1 in five actually knows what that income will be.

Workers' confidence can come from seeing their parents live well in retirement:

an an average of, U.S. retirees obtain $4,243 in net monthly income (including Social Security, individual assets, organization pensions and savings, etc. ); however, the median (middle level) net monthly income is merely $463.

a 98 % of U.S. retirees are confident with their living standard, declaring they curently have everything they need.

However, with Social Security and pensions receding of favor (about 9 in 10 think the Social Security system is in some trouble or disaster), workers are getting a call for retirement planning. Actually, around 65 per cent of employees realize they'll need to rely on their particular savings to obtain them through retirement.

Of all respondents global, Americans will be the least likely to rely on government-managed retirement savings programs or even to contain the government responsible for providing retirement income.

"Not only are Americans independently for retirement money, they are also living longer and knowing that they may require funds to last them for over 30 years after they retire," mentioned Ken Gelman, AXA's director of researching the market. "As a result, they are using pension savings very seriously by beginning early and visiting respected financial advisors."

Because of this of sound advice, Americans have the ability to develop diversified pension portfolios.

When asked how pension income will be secured, about two-thirds of respondents-working and retired-cited several types of assets, including IRAs, 401( k )s, investment funds and company pensions.

But, Americans are now being cautious with a lifetime that should be lasted by the funds. Investments are favored by seventy-eight percent of workers with a moderate ROI and no financial risk. Nevertheless, Americans lead the study in financial risk-taking.

The Retirement Scope study was conducted by AXA, a leader in financial advice and wealth management. Significantly more than 6,900 working and retired people in 11 countries were surveyed. privacy