Because people are living longer, healthier lives, the Wells Fargo Investment Institute has suggested different ways that Millennials, Generation X and Baby Boomers can successfully save for retirement.
However, retirees spend 32% less than non-retirees.
Over half have nothing set aside in any type of employer retirement plan.
But more than half of pre-retirees expect to hold down a job, PGIM found in a survey.
A mere 21% feel confident about drawing down their retirement plan assets, Ameriprise Financial found in a survey.