The retirement crisis in America is real... According to a recent Bankrate study... 20% of Americans have NOTHING saved for retirement Another 20% have saved less than 5% of their annual income Less than 33% of Americans have saved 11% or more of their annual income.
And the COVID-19 pandemic is about to make it all a lot worse... A whole lot worse. According to Richard Johnson - the director of the Program on Retirement Policy at the Urban Institute - the value of Americans' retirement accounts has shrunk from $18 trillion in 2019 to $14 trillion this year (through April 3). That's a staggering 22% decrease! |
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