Retirement Is in Peril for Most Working-Class Americans, Warns New Report

  • Retirement is in peril for most working-class Americans cautions a new report by the National Institute on Retirement Security

  • Oakley (NIRS Executive Director) says causes of the retirement savings shortfalls include fewer workers having stable and secure pensions and the replacement of workplace pensions with 401(k)-style defined contribution accounts which provide less savings and protection

  • NIRS says while the typical American needs 85 percent of their working income to maintain their standard of living in retirement, Social Security provides only 35 percent

​Click Here to Read More From Forbes