Comparing American Retirement to Global Averages
Much of the outrage about retirement savings is unfounded, a recent study shows that American seniors are among the top in the world when compared to global averages. This trend is expected to continue when looking at the saving tendencies of the newer generations of workers. Even the shift of pensions to 401(k)s as the preferred retirement account has not had as negative of an effect as critics claim. Retirement accounts are as good as they were before, but more people are actually saving now that their accounts can follow them from one company to another. For more information on this topic, visit this article by Andrew Biggs with The Washington Post.
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.