When Chad Parks and his film crew set off across the country to film "Broken Eggs: The Looming Retirement Crisis in America," a documentary about the three-legged stool of retirement, they found out they were using the wrong metaphor.
"For certain generations that might be appropriate. People in their 60s may have a three-legged stool: personal savings, pension and Social Security, but when you move down through the ages into people in their 50s, 40s, 30s, 20s, some people commented that it is really a pogo stick," said Parks, the founder and CEO of The Online 401(k).
"It's really all about personal savings. Pensions are not available to them and Social Security, if there is any component for that individual, is pretty minimal."
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