How Americans Approach Retirement
GREAT EXPECTATIONS?
College grads expect a 12% annual return from stock investments; high school dropouts predict 29%
FRAYED NET
The average respondent who attended some college believes only 20% of his retirement income will come from Social Security
AN EDUCATED SAVER
37% of college grads save at least 10% of their incomes for retirement, but 22% of those with some college haven't invested or saved for retirement at all
HOME SWEET HOME
67% of those age 30 to 39 cite hefty housing expenses as an obstacle to their saving for retirement
EDUCATION MATTERS
31% of college grads have saved more than $50,000 toward retirement, vs. only 11% for their high school counterparts
Survey of 1,026 adults conducted June 11-17, 1997, for BUSINESS WEEK by Louis Harris & Associates Inc.
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