Crisis? Retirement savings not so dismal


by AEI on Jun 26, 2014 | Views: 138 | Score: 0
Sources: aei-ideas.org
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AEI
AEI on Jun 24, 2014 6:57 PM said:

It is almost taken for granted that Americans are dramatically undersaving for retirement – a crisis, it’s called. Yet the single biggest change over the past half century to household wealth is a massive increase in retirement savings like IRAs and 401(k)s. Pension savings today is roughly equal to 100% of GDP; in 1950 it was roughly one-fifth that large.