TITLE

Retirement Savings Still Falling Short

AUTHOR(S)
Papini, Jessica
PUB. DATE
March 2007
SOURCE
Money Management Executive;3/19/2007, Vol. 15 Issue 11, p1
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the decline in the number of Americans saving for retirement. It states that the increase in healthcare costs, longevity and dwindling of pension funds contribute to the recorded downfall. According to a survey, pre-retirees plan to allocate 61 percent of their income for retirement, while generation Xers comprise the lowest amount of money saved for retirement. In addition, the average total household retirement savings is $22,500.
ACCESSION #
25072827

 

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