A new study from the Boston College Center for Retirement Research (CRR) finds that 50% of working families won’t have a big enough nest egg to maintain their standard of living in retirement.
“People are not saving enough to generate the wealth they’ll need to maintain their standard of living in retirement,” said Alicia Munnell, director of the CRR. “We got lulled into low savings rates in the 1990s, when the stock market had huge annual rates of return. But we don’t have those any longer.”
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