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Americans’ Retirement Savings Gap Tops $4 Trillion
The gap between how much Americans are saving for retirement and how much they ought to be saving has grown to more than $4.13 trillion, according to the Employee Benefit Research Institute (EBRI). The findings were released last month, ahead of a US Senate committee hearing this month on retirement preparedness. The survey was based on households headed by people between ages 25 and 64. EBRI says it is further evidence that Social Security benefits are critical to many Americans’ retirement security. Read More…
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