Gimme shelter from retirement worries

Published June 21, 2019 3:00am ET



This summer, in addition to singing “Everybody Needs Somebody to Love,” the Rolling Stones will be reminding fans that everybody needs somebody to help with retirement. The band is partnering with the Alliance for Lifetime Income as its sole tour sponsor. The organization will go on tour with Mick Jagger and crew with its own bus to engage concertgoers and inform them on their retirement options.

The Employee Benefits Research Institute projects that 40.6% of American households with heads between 35 and 64 years old will run out of money during retirement. The group says older people are in particularly rough shape, and the average retirement savings shortfall for those between 60 and 64 years old ranges from $12,640 per person for widowers to $15,782 for widows.

Trusted reporting.Unlimited access.

Subscribe for full access to Washington Examiner coverage, expert political analysis, and subscriber-only journalism.

Get Unlimited Access

Already a member? Log in

Cancel anytime.