Connecticut has the fifth-largest income gap between senior citizens and residents in the 45-64 age group, according to a new report.
Bankrate.com said in its report Monday that Connecticut’s median household income for people ages 45 to 64 is $86,666 compared to a median household income for people 65 and over that is $46,216 for a gap of 53.3 percent.
“The median income for seniors in Connecticut is also among the highest nationally, but it is just more than half of those in 45-64 age bracket,” said Greg McBride, chief financial analyst, Bankrate.com.
Nationwide, the gap is 60.2 percent based on a median household income for people ages 45 to 64 of $65,018, compared to a median household income for people 65 and over that is $39,186.
Four of the top 10 states for retirement-gap income are located in New England. Massachusetts was first at 48.2 percent; New Hampshire was sixth at 54.3 percent; and Rhode Island was ninth at 55.8 percent.
Bankrate said most financial advisers believe a person needs at least 70 percent of their pre-retirement income to be financially secure in retirement.
