A report published by AEGON proposes that homemakers need to buck up their ideas in terms of retirement planning.
AEGON’s Retirement Readiness Survey 2015 (titled “Homemakers Are Not Off the Hook How Should They Be Planning for Retirement?”) found that homemakers are in a potentially worse fix than workers, since approximately 67% of them received a significantly low AEGON Retirement Readiness Index (RRI) score. By comparison, 52% of workers on average had a low RRI score.
The survey concludes that homemakers:
- are less likely to be saving for their retirement than workers;
- are looking forward to retirement less than their working counterparts;
- feel less of a personal responsibility for retirement planning than workers.
Make sure you don’t leave your planning too late. Check out the Investments area of our site to give your retirement plan some focus!