A survey released Thursday by the American Institute of Certified Public Accountants and Harris Interactive shows almost 40 percent of working Americans say they'll never afford retirement.
It's the second year in a row that retirement affordability ranks as the nation's top financial concern.
"These statistics suggest we are on the verge of a retirement crisis in America," said Jordan Amin, chairman of the National CPA Financial Literacy Commission. "Americans don't know how to prepare for their twilight years, and many have put off figuring it out because they're struggling to make ends meet now."
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.