America’s Rehearsals for Retirement
As the first wave of America’s baby boomers begins to retire, the retirement system is revealing its flaws. While a recent international comparison gave the US a passing grade of C, for a large and growing number of Americans, the system is failing.
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BERKELEY – As the first wave of America’s baby boomers begins to retire, the retirement system is revealing its flaws. More than half of all workers (and more than 60% of low-income workers) are at risk of lacking sufficient savings to maintain their living standards after they stop working. In a recent international comparison, America’s retirement system received a passing grade of C; but, for a large and growing number of Americans, the system is failing.