Tag: 401(k) loans/ leakage|401(k) plans|Congress|Debt|Saving for retirement|Social Security|Statistics|Stock market|Tax expenditures|Traditional (defined benefit) pensions|Working longer
Fiscal trouble ahead for most future retirees
For the first time since the New Deal, a majority of Americans are headed toward a retirement in which they will be financially worse off than their parents, jeopardizing a long era of improved living standards for the nation’s elderly, according to a growing consensus of new research.
