Franklin Templeton Investments announced the findings of its 2014 Retirement Income Strategies and Expectations (RISE) Survey in the United States. The annual survey, which polled 2,011 Americans ages 18 and over, found that the concept of retirement is laden with contradictions in both attitude and preparedness.
Among those not yet retired, the survey found that 92 percent of individuals anticipate their retirement expenses to be similar to or less than pre-retirement spending. Interestingly, more than a third of pre-retirees (39 percent) have not yet started saving for retirement.
“Americans have long struggled with preparing for the realities of retirement,” said Michael Doshier, vice president of Retirement Marketing for Franklin Templeton Investments. “The survey uncovered several contradictions related to the degree of understanding and often divergent approaches to retirement.”