Within the retirement industry, the largest segment-Defined Contribution-accounts for approximately 30% of the total assets, totaling around $8 trillion, and generates an impressive $30 billion in revenue for managing firms. This data also forecasts a remarkable shift: by 2030, retirees are expected to contribute more to global consumption than individuals in the working age range of 15 to 59 years in China. retirement market boasts a substantial $26 trillion in assets. McKinsey's research indicates that the U.S. However, given the average annual household expenses for individuals aged 65-74 amounting to approximately $53,000, these social security benefits fall short of covering living costs adequately.ĭespite the data mentioned earlier, the United States possesses a thriving and robust retirement industry. With this adjustment, the average retiree benefit has reached $1,827 per month, marking a $146 increase from the previous year. Addressing this concern, the Social Security Administration alleviated the situation by announcing an 8.7% increase in benefits earlier this year to mitigate the impact of inflation, as cited by Bloomberg. Retirees globally are exploring avenues to boost their income through investments due to the highest inflation recorded in nearly four decades. Additionally, the emergence of the COVID-19 pandemic led to a growing interest in retirement among Americans. This was further complicated by a record number of individuals either changing roles or leaving the workforce. Inflation reached levels not seen in years, supply-chain disruptions hindered economic growth, and a limited labor pool presented ongoing difficulties for employers. Despite recovery efforts, several significant hurdles created uncertainty regarding the revival. ![]() ![]() In 2021, the economy faced persistent challenges due to the COVID-19 pandemic's enduring impact. ![]() You can skip our detailed analysis of the retirement phenomenon within the U.S., and go directly to read the Retirement Stock Portfolio: 5 Low Risk Investments. In this article, we discuss the 10 best low-risk investment options to add to your retirement portfolio.
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