America faces retirement savings crisis as aging population keeps growing
In 2019, Boston College estimated there was a $7.1 trillion retirement savings shortfall among American households. That number likely hasn’t changed much since then and the situation is getting worse.
Americans have been warned for years of an impending retirement crisis. Yet the situation is getting worse.
Even when everything was going right — inflation was nonexistent, interest rates were low and stocks were in an extended bull market — there was a multi-trillion dollar savings shortfal
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