For the fourth consecutive year, Ameriprise Financial polled Americans in the 30 largest U.S. metropolitan areas to determine their retirement readiness. The New Retirement Mindscape® 2013 City Pulse index measures American consumers’ preparation for and confidence about retirement by asking them about their savings habits and expectations for their financial futures. Along with taking the nation’s pulse on financial preparedness and attitudes, the survey also explores the activities people intend to pursue during retirement. Metro areas are then ranked against one another to determine which American cities are most or least ready for retirement.
The data compiled over four years also helps identify meaningful changes from year to year. This provides an indication of how local and national developments may come into play in determining the degree to which individuals feel ready for retirement.