Retirement Savings Still Falling Short

Papini, Jessica
March 2007
Money Management Executive;3/19/2007, Vol. 15 Issue 11, p1
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.


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