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According to a current international survey by AXA Equitable, American workers are confident, although not well-informed, about their economic outlook in retirement. As an example, 60 percent of individuals believe their retirement income will be sufficient, but just one in five actually knows what that income will be.

Workers' confidence may come from watching their parents stay well in retirement:

a On average, U.S. retirees receive $4,243 in net monthly income (including Social Security, personal resources, organization pensions and savings, etc. ); but, the median (middle point) net monthly income is simply $463.

a 98 per cent of U.S. retirees are confident with their living standard, declaring they already have everything they need.

Nevertheless, with pensions and Social Security receding of favor (about 9 in 10 believe the Social Security program is in big trouble or disaster), workers are receiving a wake-up call for retirement planning. In reality, approximately 65 percent of workers know they'll need certainly to count on their own savings to get them through retirement.

Of most respondents world wide, Americans will be the least likely to count on government-managed retirement savings programs or to contain the government accountable for providing retirement income.

"Not only are Americans on their own for retirement money, they're also living longer and recognizing that they might need funds to last them for more than 30 years after they retire," said Ken Gelman, AXA's manager of general market trends. "As an effect, they're getting pension savings very seriously by beginning early and visiting respected economic advisors."

As a result of sound advice, Americans are able to build diversified pension portfolios.

When asked how pension income is being secured, about two-thirds of retired-cited and respondents-working various kinds resources, including IRAs, 401( e )s, investment resources and company pensions.

However, Americans are increasingly being cautious with a lifetime that should be lasted by the funds. Seventy-eight percent of workers favor investments with a simple ROI and number financial risk. Nevertheless, Americans lead the review in financial risk-taking.

The Retirement Scope study was conducted by AXA, a leader in financial assistance and wealth management. More than 6,900 operating and retired people in 11 countries were surveyed. pension backed loan website