Total household retirement savings have increased but what isdisconcerting is what people estimate their needs are, and how theyarrive at those estimates.(Photo: Getty)
Ten years ago, Lehman Brothers filed for Chapter 11bankruptcy, an event commonly regarded as the straw that broke thecamel's back, sending equity markets and ultimately the economyinto a tailspin that resulted in the deepest recession since theGreat Depression.
Now, household income is at record highs, wage growth is thefastest in a decade, and average 401(k) and IRA account balancestop six figures for the first time on record.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
