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The sad state of Americans’ retirement savings
With traditional worker pension plans fast becoming a thing of the past, plus employer-sponsored 401(k) plans being offered by only about 14% of U.S. Corporations, the amount you have saved for retirement takes on a crucial role. And unfortunately, the average American couple has a meager $5,000 in savings. Considering that continued increases in longevity can mean decades of retirement, this lack of savings bodes poorly for future retirees. This MarketWatch article by Alessandra Malito reports on how Americans are drastically under-saved for retirement. Click here to read more.
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