PNC Perspectives of Retirement Survey

October 2015

Successful Savers Rely on a Little Support from Their Friends

As pensions recede and Social Security solvency is in doubt, Americans are feeling responsible for their own retirement and thus have created their own solution - a Retirement Advisory Network.  More than 9 in 10 people have one, and those who have one feel more confident about their finances for retirement.

Key Findings

  • 93% of Successful Savers have a Retirement Advisory Network.
  • Those with a very effective network (45%) have significantly more money saved for retirement - an estimated average of $800K compared to $510K among all others.
  • The "most important" people in these networks are spouse/partner (32%) and financial advisor (41%) and others include accountants, friends, family and employers. The roles of these people vary greatly.

Summary of Results



Other PNC Perspectives of Retirement Surveys:

Generation X Far More Ready To Take On Responsibility For Retirement Than Boomers

PNC Survey Shows Challenges of Being A Caregiver and Planning For Retirement

Running On Empty: Retirees Fear Losing It All

Retirement Preparation Behaviors and Habits of Retirees and Those Planning Their Retirement Examined

Dentist, Sit-Ups or Financial Planning?

Determination, Early Saving and Discipline Among Lessons Learned From Successful Retirement Savers

Media Contact

Dorsey Tobias