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.
Continue Reading for Free
Register and gain access to:
- 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.
Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
