>
Retirement is forced upon roughly one-quarter of Americans
June 5, 2019

From Bloomberg:

Most American's aren't financially prepared for retirement.

About 44% of Americans said their retirement savings are not on track versus 36% of Americans who said it is on track, according to the Federal Reserve Board's sixth annual survey of household economics. The rest of Americans aren't sure whether their plan is on track or not.

Even though more than one-third of non-retired respondents said their retirement savings are on track, one-quarter have no retirement savings or pension whatsoever. The lack of retirement savings is more pervasive among the young and diminishes with age, but 13% of those 60+ have no savings. Even among those who had some savings, people commonly lacked financial knowledge and were uncomfortable making investment decisions.

Continue reading at Bloomberg...

You may also like

Wealthy parents are finding a financial-aid loophole for college

"One Chicago-area woman told the Wall Street Journal that she transferred guardianship of her then 17-year-old daughter to her business partner last year."

Women are now seen as equally as or more competent than men

"Women have come a long way in the United States over the last 70 years."

Last all-male board in the S&P 500 finally added a woman

"The all-male board is officially a thing of the S&P 500’s past."