As legislators come to grips with tax reform, budget deficits and Obamacare, retirement security also is coming under scrutiny.
In a recent U.S. Senate committee hearing on retirement security, Sen. Tom Harkin, chairman of the Senate pensions and education committee, mentioned that people are not saving enough for retirement.
"I have said this before, but the retirement income deficit—meaning the difference between what people have saved for retirement and what they should have saved—is estimated to be as high as $6.6 trillion. Half of Americans have less than $10,000 in savings."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.