The Looming Retirement Crisis: Savings Shortfalls and Income Inadequacy.
TL;DR Summary
The US retirement crisis could cost federal and state governments $1.3 trillion by 2040 due to inadequate retirement savings, resulting in higher public assistance costs, decreased tax revenue, lower household spending, and a decline in standards of living, according to a report by the Pew Charitable Trusts.
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- Less Than 60 Percent of Baby Boomers Own Retirement Accounts The Epoch Times
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