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87% of Workers Fear Retirement Income Shortfalls

10/26/2025

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Story summary
  • A Schroders survey shows 87% of workers are worried about retirement income adequacy.
  • Fifty-eight percent feel behind on savings.
  • Nearly 20% believe Social Security will cover all retirement needs.
  • Experts warn that claiming Social Security early can lead to significant financial shortfalls, even as 90% plan to claim before age 70.
  • Delaying benefits until age 70 can increase lifetime income by about 30%.