A growing segment of the U.S. population could see their living standards erode as their retirement savings — if they have any — run out. >>As of 2010, only 51 percent of private-sector workers had access to a retirement plan at work, down 10 percent from only a decade ago, according to Robert Hiltonsmith, a policy analyst at think-tank Demos. >>For those who do have a retirement account, the median balance is $120,000, according to the Federal Reserve. For the typical household, that amounts to income of only $400 per month, CBS reported. >>Were already entering a crisis state, and its going to get worse, Hiltonsmith predicted. moneynews/Personal-Finance/retirement-US-401k-savings/2014/03/31/id/562731/#ixzz2xaCkhCO2
Posted on: Mon, 31 Mar 2014 23:14:14 +0000
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