The funded status of the 100 largest U.S. corporate defined benefit plans fell by $22 billion in August, despite market gains that brought in $24 billion, according to the latest Milliman report.
Soon-to-retire Americans struggling to save enough to kiss the workplace goodbye now have another set of statistics to examine when trying to figure out where to make their post-retirement last stand.
The latest figures also show that parent income and savings accounted for more than double what kids kicked in, at 30 percent vs. 12 percent, while borrowing was down