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According to new data from AARP, 57 million employees in the U.S. currently work for an employer that doesn't offer a traditional pension or retirement savings plan. Although this is a concerning statistic, it's not all that surprising. Individual financial independence and saving for the future is a commodity that is in short supply with the working class in this country. More importantly, there's a lack of understanding and experience to put money away for the "golden years."
Join our LinkedIn group, ALM's Small Business Adviser, a space where small business owners can gather to network, have discussions and keep up with the trends and issues affecting their industries. In fact, only 36% of non-retired adults think their retirement savings are on track, according to the Federal Reserve. Meanwhile, a separate Harris Poll survey released last December reported that over a fifth of the more than 2,000 adults canvassed save nothing each year for retirement.
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