Retirement Study Shows Nearly Half Of U.S. Households Lack Money To Retire By 65

DES MOINES, Iowa -- A study says workers in more than half of U.S. households will likely be unable to retire at 65 at the same lifestyle they enjoy today.

The Center for Retirement Research at Boston College says its latest analysis of household financial status shows 51 percent are at high risk of falling short of having enough money in retirement.

The study released Tuesday says that's up from 44 percent in 2007.

The center's National Retirement Risk Index was developed with funding from Nationwide Mutual Insurance Co.

The index was first released in June 2006, when 43 percent of households were at risk of falling short of their preretirement standard of living.

The measure was formulated using the Federal Reserve's 2004 Survey of Consumer Finances, a triennial survey of U.S. households.

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