
Think Again If You Plan To Work Longer
he stark truth is that a significant share of older workers -- age 55-64 -- are not anywhere near being on track to afford retirement. The median retirement account balance for older workers is only $15,000. Even the highest income workers -- those earning over $200,000 per year who are in the top ten percent of the income distribution -- do not have enough money to retire and maintain their standard of living. Their median account balance is under a year’s salary at $200,000 and 15% of the highest earners have no retirement plan except Social Security.