Survey: Married Americans think singles have retirement advantage

According to a recent survey conducted by a financial services company, a majority of married Americans believe reaching retirement is easier for singles rather than couples.

Of those responding to the survey, 53 percent of married Americans and 69 percent of singles believe it is easier to make financial decisions without a spouse.

However, despite these beliefs, the company's survey also shows that singles are less prepared and less confident about retirement than married couples. Eighty-five percent of married Americans claimed they have already begun saving for retirement, compared to 67 percent of singles across all age groups. In addition, 38 percent of married couples stated they were confident about their retirement readiness, compared to 32 percent singles.

"At a time when the number of single adults is at a historical high in our country, our survey shows that this group has ground to make up in terms of retirement readiness," said an executive at the surveying company.

The executive advised singles to begin saving as early as possible, create a long-term saving and investing plan and enlist the help of a professional planner to assist them in reaching a comfortable and healthy retirement.

© 2012 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017