July 19th, 2022
Americans Underestimate Two Major Kinds of Retirement Risk
“U.S. consumers are terrified of ups and downs in the stock market, but blissfully unaware of the risk that they could live to age 80, or face big nursing home bills. Wenliang Hou, a Fidelity Investments analyst, has come out with a new snapshot of retirement savers’ understanding of risk in a new research brief.
Hou, previously a research economist at the center, created the snapshot by coming up with his own picture of the major risks U.S. retirement savers face, and then comparing his results — which he classifies as objective — with the U.S. consumers’ own estimates of the risks they face…”
