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Wednesday, March 11, 2015

Americans Aren't Saving Enough for Retirement, But One Change Could Help (@portereduardo @nytimes)

Are you putting enough away for retirement? According to a study from the Center for Retirement Research at Boston College, over half of American households will not have enough money to maintain their current lifestyle. However, according to Eduardo Porter, there is a way to change this, and America seems to be moving in the right direction to do so.

Full article at The New York Times

"Here is something every non­-rich American family should know: The odds are that you will run out of money in retirement. 
On average, a typical working family in the anteroom of retirement — headed by somebody 55 to 64 years old — has only about $104,000 in retirement savings, according to the Federal Reserve’s Survey of Consumer Finances. 
That’s not nearly enough. And the situation will only grow worse."



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