By Rachel Gearhart The retirement crisis in America is real…
According to a recent Bankrate study…
20% of Americans have NOTHING saved for retirement
Another 20% have saved less than 5% of their annual income
Less than 33% of Americans have saved 11% or more of their annual income.
And the COVID-19 pandemic is about to make it all a lot worse…
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A whole lot worse.
According to Richard Johnson – the director of the Program on Retirement Policy at the Urban Institute – the value of Americans’ retirement accounts has shrunk from $18 trillion in 2019 to $14 trillion this year (through April 3).
That’s a staggering 22% decrease!
It’s …read more
