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7 Stats on How People Really Save for Retirement

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A wide-ranging report by the Transamerica Center for Retirement Studies examines key aspects of retirees’ lives — such as how they’re faring during the pandemic, what their living arrangements are, and when and how they began retirement.

The survey also dives into how retirees prepared for retirement — revealing details that can help advisors working with clients planning to step out of the workforce.

The research has been conducted annually for 20 years via a Harris Poll of 2,040 retirees over 50 years of age who worked for businesses with more than one or two employees.

The online 27-minute survey took place from Nov. 13 and Dec. 4, 2019, with a supplemental survey conducted in June.

Check out the gallery for some key highlights.