The Retirement Income Industry Association (RIIA) has just launched the first in a series of in-depth reports providing cutting-edge research that gets to the heart of the retirement income challenges facing millions of baby boomers across America.
Designed to complement a growing body of research on retirement income and spark discussion and idea generation across the industry, "RIIA's research is unique and value-added because our goal is to create links across the traditional business silos within the industry," said Francois Gadenne, founding chairman of the RIIA and president and CEO of Boston-based firm Retirement Engineering, Inc. "We strive to offer a broad market view that is rarely undertaken by member companies which tend to focus their research on traditionally defined, specific business lines. Such research also leverages the knowledge and focus of RIIA Associate Members who provide consulting and research expertise in specialized arenas."
The first report in the series presents a snapshot of the total assets and wealth of American families and relates them to their specific retirement income needs by using a brand new typology that divides American households into different categories of wealth: "Wealthy (Top 5%), Affluent (Next 15%), Mass Market (Middle 50%), Marginal (Last 30%), and life stages: Starters, Builders, Pre-Retirees and Retirees."
