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Projected Long-Term Savings Gap by 2050 will be $137 Trillion

At the end of 2015, the estimated long-term savings gap in the United States was at $27.8 trillion with the projected growth of the gap to reach $137 trillion by 2050. Why? Longer life spans, widespread lack of financial knowledge, inability to save and limited access to workplace plans or other effective savings vehicles. In the attached article, Mercer offers several specific policy recommendations to address what should be done now to enable more Americans to retire with confidence. Read article here…

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