FYI: Are we heading toward a retirement crisis, or not?
It’s a simple question. But when a question has many answers, we should pause. Earlier this year three researchers examined the scope of the estimates. They found an astounding range. On the optimist side, economists William Gale, John Karl Scholz and Ananth Seshadri found only 26 percent of American households were inadequately prepared for retirement. On the pessimist side, the National Institute for Retirement Security found that a whopping 84 percent of us were unprepared for retirement