This website uses cookies to store information on your computer. Some of these cookies are used for visitor analysis, others are essential to making our site function properly and improve the user experience. By using this site, you consent to the placement of these cookies. Click Accept to consent and dismiss this message or Deny to leave this website. Read our Privacy Statement for more.
Behavioral Bites
Blog Home All Blogs
Search all posts for:   


View all (8) posts »

Are We Measuring Retirement Readiness the Right Way?

Posted By Warren Cormier, Friday, January 18, 2019

Typical measures of retirement readiness include dimensions related to one’s accumulation or projected accumulation of retirement assets. However, I would argue that this measure needs to be factored by financial wellness. Our research has shown consistently that two people with the same income and financial resources can have very different results in their quality of lifestyle.

The difference between these two people is their financial wellness. The financially "well" person can stretch money far more than the financially "unwell" person, particularly in retirement. Getting an accurate and realistic assessment of retirement readiness in the United States is going to require an assessment of financial wellness.

Tags:  behavioral bites  financial wellness 

Share |
Permalink | Comments (0)