The statistics are undeniably grim:

A recent Frontline documentary said 50 percent of Americans say they can't afford to save for retirement, a third have little or no money saved and borrowing from retirement accounts is at a 10-year high.

The New York Times cited even more troubling statistics: 58 percent of Americans have neither a pension plan nor a 401(k), while a third rely on Social Security for 90 percent or more of their income in retirement.

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
NOT FOR REPRINT

© 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.