These 20 Retirement Conditions Will Change Over the Years

Smaller pension funds

Several decades ago, pension funds were popular with companies. Employers ensured their employees’ loyalty, while workers didn’t have to worry about planning for their retirement.

But pension funds steadily declined between 1980 and 2008, according to the Social Security Administration in the United States. In fact, only 24% of Fortune 500 companies offer pension funds.

That said, even if you have a retirement plan, you’re not necessarily protected from nasty surprises. Take Sears retirees, for example, who saw their pensions cut by 30%.

In the next several years, retirees will increasingly need to count on their own resources to meet their retirement needs.