Magazine

Published in July 2012

Tidbits

By PLANSPONSOR staff | July 2012

Some quotes, survey statistics and musings to use in employee communications, or just as a break in the grind.

More Gen Xers reported they began saving for retirement between the ages of 25 and 34. According to Scottrade Inc.’s sixth annual American Retirement Study, 51% reported starting their retirement savings while in this age range, compared with 39% last year. In contrast, just 30% of Baby Boomers and 21% of seniors started saving for retirement when between 25 and 34.

35% of Americans think it is possible for a middle-income family to save for a secure retirement. According to a COUNTRY Financial survey, this is up six points from the same time last year and is the first increase in five years.

As of 2011, 11 U.S. presidents were generals in the military before being elected.   

The Barbie doll’s full name is Barbara Millicent Roberts and she hails from Willows, Wisconsin.

“It’s not necessary to fear the prospect of failure but to be determined not to fail.” —Jimmy Carter

Fifty-nine percent of the first Baby Boomers to turn 65 are at least partially retired. According to “Transitioning Into Retirement: The MetLife Study of Baby Boomers at 65,” 45% of Boomers are completely retired and 14% are retired but working part time. Of those still working, 37% say they will retire in the next year and, on average, plan to do so by the time they are 68.