As I've said,CNBC is airing a special tomorrow night, “Boomer Angst,” which will air at 9 pm and midnight. There is plenty of angst out there. This week, a new coalition was launched to encourage the American public to save more. They point out that:
--Debt payments now consume 15 percent of family income;
--63% of Americans say they don't save enough;
--The U.S. saves less than almost all industrial nations.
A separate study at the Center for Retirement Studies at Boston University found that:
--Nearly 45 percent of households are "at risk" of not having enough to maintain their living standards in retirement, even if they retire at 65;
--The median balance for household heads approaching retirement is only $60,000 (!)
For more information on the new coalition that is being formed—and how you can get involved—check out their report atwww.newthrift.org.
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