Half of all American households are not ready to retire, new research reveals.
The Center for Retirement Research at Boston College published this finding in a new report. The Center's National Retirement Risk Index shows that about 50 percent of US households are not ready to retire, up from 30 percent in 1989.
But the report also finds that by working five years longer than the assumed retirement age of 65, the percentage of American households prepared to retire increases to 86 percent. 
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