“About 45% of Americans will run out of money in retirement…”
September 30, 2024
“…The model, run by Morningstar’s Center for Retirement and Policy Studies, showed that the risk is higher for single women, who had a 55% chance of running out of money versus 40% for single men and 41% for couples.
The group most susceptible to ending up in this situation are those who didn’t save toward a retirement plan, according to Spencer Look, the center’s associate director. Still, retirement advisors say even those who think they’re prepared aren’t…”
https://finance.yahoo.com/news/45-americans-run-money-retirement-004931245.html