For many Americans, retirement savings plans are a critical pathway to building wealth. The vast majority of the nation’s $20.1 trillion in retirement savings was accumulated through employer-sponsored retirement plans, such as 401(k)s.| www.pew.org
Only 7% of Retirees Have Ideal Situation of Income from Three Sources: Social Security, a Pension and Savings Social Security Kept More Than 7.5 Million Households Out of Poverty, Reduced Public Assistance Costs by $10 billion in 2013 Pensions Kept Nearly One Million Retirees Out of Poverty, Reduced Public Assistance Costs by $4 Billion in […]| National Institute on Retirement Security
Social Security is dipping into its trust fund to pay current retirees, with spending outpacing its revenue from payroll taxes.| www.cbsnews.com
States with many workers without retirement savings are likely to face a spike in senior poverty, researchers say.| www.cbsnews.com
1 in 4 older Americans may have to work longer or scrimp and save to make ends meet in their golden years, a new study suggests.| www.cbsnews.com