Americans are under-saving for their retirement - Yahoo!Finance
Americans are not saving enough or are under-saving for their retirement. A recent PwC’s Retirement report found “one in four Americans have no retirement savings and those who are saving aren’t saving enough.” According to Bernadette Geis, PwC’s US Asset and Wealth Management Leader and Global Engagement Partner, “The lack of retirement preparedness is leading to a path of a looming “crisis” as Social Security is projected to be depleted by 2034 and “there’s a huge demographic that aren’t likely to meet their savings goal.” Stephanie Asymkos, a reporter for Yahoo Money, reviews the report findings and explores possible solutions to this problem. Read Ms. Asymkos’ article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.