Necessity of spending reduction due to insufficient retirement savings 2013

The statistic shows the share of people in selected countries worldwide that believed shortfalls in their retirement savings would result in a requirement to cut down on everyday spending . It was found that 61 percent of the respondents from the United States, who believed they could not make up their retirement shortfalls, stated that the shortfall in their saving might require them to cut down on everyday spending.

Share of people that believe shortfalls in their retirement savings will result in a requirement to cut down on everyday spending as of 2013, by country

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Sources

Release date

2013

Region

Worldwide

Survey time period

July 2012 to April 2013

Number of respondents

16,000 respondents

Age group

25 years and older

Supplementary notes

The research surveyed 16,000 people in 15 countries: Australia, Brazil, Canada, China, Egypt, France, Hong Kong, India, Malaysia, Mexico, Singapore, Taiwan, United Arab Emirates, United Kingdom and the United States. The findings are based on a representative online sample, covering people of working age (25 and over) and those in retirement.
Among those who do not think they can make up their retirement shortfalls.
Not all respondents were of retiring ages.
The source contains no information as to how the survey was carried out.

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Statistics on "Personal savings in the United States"

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