Its common knowledge that Americans arent saving enough for retirement. But just how large a deficit is startling.
According to a report from the National Institute on Retirement Security, the shortfall measures between $6.8 and $14 trillion. The study,released Thursday, found that 38 million (or 45%) of working-age households have no retirement account assets at all. All told, the median retirement savings of these households measured a paltry $3,000.
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