Stern advice: Retirees are doing better than you think

Gloomy retirement projections have escalated of late, but new research shows that today’s retirees may be better off than expected. A new study, culled from a survey of academic, government and industry research, shows that households led by people of all ages had more retirement assets than ever. The average amount of retirement assets per U.S. household was $153,100 on June 30 of this year. Adjusted for inflation that is 2.7 times higher than in 1985 and 5.6 times higher than in 1975, the study said.