Thinking of retiring? Better hope you're not among the more than 50 percent of U.S. households that haven't managed to squirrel away enough to do so — or that your financial situation deteriorates and endangers your plans.
While that assessment may be contested by some as an exaggeration, a new report from the liberal think tank Center for American Progress says it's no more than a "middle-of-the-road" estimate based on its review of studies from a range of government, academic and private-sector groups.
CAP researchers added that even the most optimistic of the studies it examined found that almost a quarter of retirees will run out of money.
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.
