The oncoming disaster in public pensions: The $4 trillion retirement savings deficit and the bill of payouts for pensioners.
Americans have done a very poor job saving for retirement. In many cases, families simply have very little left over each month to save after monthly expenses chomp away at their net take home pay. Pensions used to be common. In 1975 you had 88 percent of private sector workers and 98 percent of state […]
The looming retirement crisis: 10,000 baby boomers a day turn 65 and most are inadequately prepared for retirement. Half of elderly Americans in poverty without Social Security.
There is a very common number that is thrown out regarding baby boomers and retirement. We consistently hear that every day 10,000 baby boomers hit the typical retirement age of 65. This trend is expected to go out until 2030. What is troubling with this narrative is the assumption that most have enough funds to […]
What are the top 10 financial worries of Americans? Two of the most common themes include paying for children’s college and saving enough for retirement.
Financial worries are a big concern for many American families. In spite of a booming stock market and a resurgent real estate market, most Americans don’t seem to be feeling financially better. A large reason is that many Americans did not partake in the rise in the investor driven real estate boom and also, many […]
The new American retirement plan equates to working forever: Nonexistent nest eggs and most Americans are bad at planning as to how long they will live.
The idea of retirement is a modern one especially when it comes to saving and having a nest egg. In the past, retirement was only a luxury afforded to a small number of wealthy families. The rest of the population was destined to work until they died. That may seem harsh but that is historical […]