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It is essential we consider the needs for retirement housing now.
"The difference between $120,000 and $135,000 is very, very small, considering people's needs for retirement," Dr. Munnell said.
The company's instructors, who do not solicit individuals for brokerage services, use real numbers in their calculations, which enables the employees to identify their specific needs for retirement, college funds, medical expenses or debt reductions.
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Panmure Gordon analyst Barrie Cornes said: "The combination of a growing middle class in Asia, retiring baby boomers in the US and a need for retirement solutions in the UK combine to create a great opportunity to grow in its chosen markets".
Have you saved what you needed for retirement?
The need for retirement income is increasing as people live longer.
In surveys, many borrowers say reverse mortgages have improved their lives and provided money they needed for retirement.
This is a cohort that has, as it has turned out, ended up saving more than they needed for retirement.
Even worse, the typical household's savings fall woefully short of what they will need for retirement.
Millions of Americans are scraping to save the amount they will need for retirement beyond Social Security, but the European retirement system is much more generous.
The result will be a less robust market, a less robust economy and a less wealthy society, as individuals are unable to mass the sums needed for retirement.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com