What’s the difference between the problem Americans for Secure Retirement is raising and the need for all workers to save more for their retirement?
Economists and retirement experts agree that most people do not save enough for their retirement. However, a separate retirement challenge is emerging. As Americans live longer and the shift away from traditional pensions continues, growing numbers of retirees are facing the difficult challenge of managing their savings on their own and managing them so they provide an adequate and steady stream of income for 20 or 30 or more years. Even careful savers will most likely misjudge the effects of inflation, their actual needs, rising health-care costs, how long they will live, interest rates, adequacy of Social Security payments and stock market returns.
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