Half the people in this country face the strong possibility of ending their days in poverty instead of in a comfortable retirement. Sound shocking? It is—and now think of what that might mean for the broader economy of the country itself.

If half its citizens end up living in poverty, what does that mean for the country itself? After all, impoverished people don't pay taxes—they can't even pay their own living expenses.

For businesses? Again, impoverished people don't spend money they don't have.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.