Presented by Mark Phillips
With equity tied up in homes and facing the switch to defined-contribution pension plans, many Americans have been left short of funds needed for a comfortable retirement, writes Bruce Bartlett in the New York Times.
The statistics are very depressing from a broad view perspective. Among these is the Median (50th of 100) Household savings and investments (net worth ex home equity) level.
For more on this impending slow motion “middle class” train wreck click on the title or here.
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