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4 Hard-to-Believe Retirement Facts
The literature has noted for some time now that Americans are woeful when it comes to saving for retirement. Christy Bieber reports on four hard-to-believe facts about retirement that reveal just how dire a financial situation millions of seniors are facing. They are: 1. Baby Boomers have shockingly low median savings; 2. Even many high earners struggle to save for retirement; 3. Social Security is the primary source of income for more than half of Americans (it was never intended to be the only source of income for anybody); 4. Healthcare costs could take up more than 20% of the average Social Security benefit. Her full article is here.
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