Pensions & investments - More than half of all American households do not have enough put away for retirement, and the problem is getting worse, said new research from the Center for American Progress.
Along with tracking what people are putting away for retirement, the researchers looked at dozens of studies by government, academic and private-sector organizations that model how likely people are to fall short when they retire. The most convincing estimates project that more than 50% of households will fall short, and even the most optimistic studies predict that nearly one-quarter of retirees will, CAP researchers found.
As of 2013, the top 20% of working-age households by income held 67.7% of all retirement assets, while the bottom 50% held 7.4% of assets.
Roughly 31% of Americans have no retirement savings and no access to defined benefit plans, according to Federal Reserve data, including 19% of people ages 55 to 64. Of the 65% of private-sector workers with access to workplace retirement plans, only 48% participated in one in 2014.
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