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National Institute on Retirement Security Survey Points to Growing Concerns - thestreet.com
“80% of Americans now say the country faces a retirement crisis,” according to the findings from the most recent NIRS survey. Perhaps even more striking in these findings is the conclusion that “61% of respondents are concerned they will not achieve financial security in retirement.” Personal debt, housing costs, emergency expenses, and healthcare are cited as the drivers of this concern, along with the resulting inability to save for retirement. Left unsaid, though doubtless a factor in this gloomy outlook, is the uncertainty of Social Security—a significant part of most seniors’ retirement plans—beyond the 2032 insolvency projection. For a summary of the NIRS results, check out this post on thestreet.com by writer and editor Celine Provini.