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Retirement Planning > Saving for Retirement

1 in 3 Agree With Partners On Retirement Savings

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Around 30% of people who are married or living with a partner agree with their partner about how much to save for retirement, according to a new poll by the Wall Street Journal Online and Harris Interactive.

The survey found 20% of those with partners say they focus on saving more than their spouse or partner does, while 20% have never talked with their partner about how much they need to save for retirement.

The survey also found 40% of adults want to use their money to continue to support their current lifestyle in their later years, while about 25% would prefer to use their money for enjoyable activities such as traveling or relocating to a warmer climate.

If adults had a choice about what to do with their money in retirement, the likelihood that they would try to continue to support the lifestyle they have now increases with age, while the likelihood they say they would use the money to travel, buy a vacation home or move to a warmer climate decreases with age, WSJ-Harris Interactive found.

Men were more likely than women to say they would continue to support the lifestyle they have now, by 47% to 35%, respectively.

Of those who are single or have never been married, 32% say they would use the money to travel, buy a vacation home or relocate to a warmer climate, compared to 24% of those who are married or living with a partner and 20% of those who are either divorced, separated or widowed.


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