Finances and Work

Many studies have shown that North Americans have not saved enough money to last them through their retirement years, and a new report shows they are not alone.

As reported by the Fort Mill Times, a Paris-based financial services company, Natixis Global Asset Management (NGAM), found the United States ranks 19th in the world for the level of retirement savings preparedness, behind Canada (13th), Australia ( 11th), and Japan (15th). The highest-ranked countries were all located in Western Europe.

When it comes to saving for retirement, how do you think you compare to your peers? Are you ahead of the pack, or falling behind?

As recently reported by Forbes.com, retirement advisors say there is a gap of about $250,000 between what most people have saved for retirement, and the kind of lifestyle they hope to achieve during their retirement years.

Retirement can be a scary concept for people coming up to this time in their lives, but it is nothing to be afraid of.

It is a major change for someone who has been working all of their adult life, but once you get used to the necessary alterations you can craft a good life for yourself in your autumn years. The key is to embrace the changes that come with your retirement rather than get upset because your lifestyle is different.

Do you ever wonder how to stack up in the race to retirement? Are you working longer than your Baby Boomer peers, or retiring earlier?

As reported recently by MSN Money, the United States Census Bureau recently completed a study evaluating the labor force participation rate, per state, by residents aged 65 years or older.