The shift from pensions to account-type savings plans has been a disaster for lower-income, black, Hispanic, non-college-educated, and single workers, who together add up to a majority of the American population. But even among upper-income white college-educated married couples, many do not have adequate retirement savings or benefits.
Chosen excerpts by Job Market Monitor. Read the whole story at The State of American Retirement: How 401(k)s have failed most American workers | Economic Policy Institute
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