The statistics are undeniably grim:
A recent Frontline documentary said 50 percent of Americans say they can't afford to save for retirement, a third have little or no money saved and borrowing from retirement accounts is at a 10-year high.
The New York Times cited even more troubling statistics: 58 percent of Americans have neither a pension plan nor a 401(k), while a third rely on Social Security for 90 percent or more of their income in retirement.
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.
