Study shows retirement crisis is real for many
A recent report from The New School Schwartz Center for Economic Policy Analysis found Social Security benefits can help partially offset unequal wealth distribution precipitated from the employer-based retirement system. The report found Median accrued Social Security benefits were $81,900 while median employer-sponsored retirement benefit was $67,000; however, only 65 percent of workers nearing retirement have any wealth accumulated in an IRA, 401(k) or other retirement account. Read article here…
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