Where does the blame lie? At least part of it can be laid at the feet of 401(k)s. (Photo: Shutterstock)
Lots of Americans approach fearsome problems by throwing money at them—such as climate change (think survivalism supplies) and wellness (think everything from FitBits to vitamin water to young blood).
But when it comes to retirement, not so much. Headlines abound about how ill-prepared Americans are financially to retire, but they're not throwing as much money at that particular problem.
That's according to a study from the Kellogg School of Management at Northwestern University, which found that nearly three-fourths of American workers with defined contribution plans such as 401(k)s are not putting enough into retirement savings to maintain their standard of living later in life.
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