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Older man in hard hat at warehouse “Social Security provides most of the income for about half of households age 65 and older,” the GAO said. (Photo: Shutterstock)

(Bloomberg) –The bad news is that almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years earlier.

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