60% of new middle-class retirees can expect to outlive their assets – unless they lower their standard of living.

Source: Ernst & Young, 2008

Do you think you will have to reduce your standard of living to maintain adequate financial resources in retirement?

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Retired women have a median income 42% less than retired men.

Source: Women's Institute for A Secure Retirement, 2008

For women generally, what do you think is the most challenging part of achieving a financially secure retirement?

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Americans lost over $2 trillion in accumulated retirement savings from July 2007 to October 2008.

Source: Congressional Budget Office, 2008

Did your retirement savings lose value in the stock market in the downturn of 2008?

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The Retirement Crisis

Three out of five middle-class Americans entering retirement today are projected to outlive their financial assets. Significantly diminished savings, escalating health care costs and the decline of traditional employer pension systems have created situations where retirees face difficult choices on how to manage their retirement assets. Social Security will only cover about one-third of a retiree's pre-retirement earnings, and nearly half of our nation's work force lacks any type of employer-sponsored retirement program.

Impact on Retirees

If the retirement problem is not addressed, the impact on retirees and the already stretched social-services programs run by local, state and federal governments that serve them will be extreme - at a time when these programs are already at financial breaking points.

There is Hope

The good news is that there are ways Congress can help. Americans for Secure Retirement supports legislation that would empower Americans to maintain their standard of living throughout retirement.

The Retirement Reality blog
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The median household with a person between the ages of 45 to 54 saw its net worth fall by more than 45 percent between 2004 and 2009.
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