Three-quarters of today's retirees feel better off than they perceive their parents were at the same age, according to a T. Rowe Price survey.
The survey also found that, on average, respondents were living on 66 percent of their preretirement income and that about a third were working or intended to work.
T. Rowe Price surveyed 1,030 working adults age 50 or older who were still contributing to their 401(k)s or eligible to do so, as well as 1,507 retired adults with rollover IRAs or a balance in a 401(k) plan who had retired in the past five years.
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