REWahoo
Give me a museum and I'll fill it. (Picasso) Give
Saving for retirement is apparently far less popular than all those dismal surveys have been telling us:
Why most Americans may face an ugly retirement - CBS News
The article points out this data should be more accurate than previous surveys as it...
[-]If my math is correct (see my sig line), this is saying fewer than 5% of workers (1/3 of 14%) are putting money in a 401k or other defined-contribution plan. That's scary...[/-] (See post #4 below)
More than 66 percent of workers with access to 401(k)s and other defined-contribution retirement saving plans aren’t using them. That’s according to recent research from the Census Bureau, which analyzed tax records to estimate how workers are actually participating in these plans. On top of that, only 14 percent of companies offer these types of retirement plans, far lower than previous estimates...
Why most Americans may face an ugly retirement - CBS News
The article points out this data should be more accurate than previous surveys as it...
...is based on tax records from almost 155 million individual workers and 6.2 million companies filed in 2012. Most earlier estimates of retirement plan participation rely on survey data, which can be less accurate because people can misreport data given faulty memories or lack of knowledge.
[-]If my math is correct (see my sig line), this is saying fewer than 5% of workers (1/3 of 14%) are putting money in a 401k or other defined-contribution plan. That's scary...[/-] (See post #4 below)
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