Social Security Report

Is There a Retirement Crisis?

Spencer Look and Jack VanDerhei of Morningstar present a nuanced piece here to address the question about a U.S. retirement crisis. The pair use the new Morningstar Model of US Retirement Outcomes to analyze the likelihood that today’s workers will have adequate financial resources in retirement. There are charts showing Gen Z, Millennials, and Gen X data. The major finding is that participation in employer-sponsored retirement plans (such as a 401k) significantly enhances retirement outcomes. Workers without access to these plans face a higher risk of financial shortfalls in retirement. Full piece here.

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.