Filed Under:Annuities, Variable

Interest rates have 'modest' impact on retirement preparedness

According to Prudential paper on NRRI. However, still a concern for many individuals

A confluence of factors is playing a major role in America’s troubling retirement security situation. A drop in housing wealth and a decline in equity values coupled with a protracted low interest rate environment and an increase in Social Security’s full retirement age have rendered many Americans underprepared for a comfortable retirement.

A recent Prudential Financial (Prudential) paper, which examined the National Retirement Risk Index (NRRI)—a measure of the number households at risk of not being able to preserve their pre-retirement standard of living in retirement found that 53 percent of American households are at risk, a jump of nine percentage points over a three-year period.

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Nichole Morford

Nichole Morford
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