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June 25, 2003 at 08:00 PM
NU Online News Service, June 25, 2003, 5:53 p.m. EDT – More than half of older U.S. workers say they can live comfortably in retirement on less than 50% of their pre-retirement income, according to a Web-based survey conducted by NFO WorldGroup Inc., Greenwich, Conn.
Professional retirement experts believe most workers will actually need between 70% to 100% of pre-retirement income to live comfortably, according to MetLife Inc., New York, which commissioned the survey.
The MetLife Mature Market Institute, a MetLife unit, asked NFO to give survey participants a 15-question “MetLife Retirement IQ Test.” The NFO researchers reached 1,201 men and women between the ages of 56 and 65 who believe they are within five years of retirement.
