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Towers Watson report challenges retirement ‘crisis’

It says too many of the most negative assessments rely on models that dont adequately reflect changes over a workers life.

By Lisa Barron | Updated on May 14, 2014

Some of the many recent assessments of how much American workers should save and when they should save it underestimate the sufficiency of retirement savings for many households, according to a decidedly contrarian report from Towers Watson.

In “American Workers’ Retirement Income Security Prospects: A Critique of Recent Assessments,” authors Gaobo Pang and Sylvester J. Schieber argue that some these assessments rely on models that don’t adequately reflect changes over a worker’s life cycles.

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