Friday, June 09, 2006

Retirement woes

Many are not saving enough for retirement. Shock!


"NEW YORK ( – A new retirement risk index released Tuesday
estimates that 43 percent of working-age households are not likely to have
enough retirement income to replicate their current standard of living.
The Center for Retirement Research (CRR) at Boston College created the index and defines "at risk" to mean those households projected to fall at least 10 percent short of their income target in retirement.
The organization assumed a base target of 73 percent of one's pre-retirement income for all households."

Here is the actual study.

As FinanceProfessors or even those with a keen interest in finance, we have our work cut out for us. What can we do to help others? Volunteer to give lectures on the importance of saving and investing to and a "how to" to local groups, High Schools, or even just remind your own students prior to graduation.

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