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The State of American Retirement: How 401(k)s have failed most American workers
The shift from pensions to account-type savings plans has been a disaster for lower-income, black, Hispanic, non-college-educated, and single workers, who together add up to a majority of the American population. But even among upper-income white college-educated married couples, many do not have adequate retirement savings or benefits.Continue Reading http://www.epi.org
U.S. women far more likely than men to be poor in retirement, research showsIncome for women age 65 and older is typically 25 percent lower than income for men of the same age, the Washington, D.C.-based National Institute on Retirement Security (NIRS) said in a report released on Tuesday.
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Man, this is so sad.
And in the economics sub of that other site which shall not be named I'm being told it's entirely the responsibility of the people who failed to save. Because not having enough income to save is apparently a personal failing.