4/8/2015 – 1 in 3 Older Workers Likely to be Poor or Near Poor in Retirement (Money)

Apr 08, 2015 Comments Off by

A third of U.S. workers nearing retirement are destined to live in or near poverty after leaving their jobs, new research shows. One underlying cause: a sharp decline in employer-sponsored retirement plans over the past 15 years.

Just 53% of workers aged 25-64 had access to an employer-sponsored retirement savings plan in 2011, down from 61% in 1999, according to a report from Teresa Ghilarducci, professor of economics at the New School. More recent data was not available, but the downward trend has likely continued, the report finds.

Read the full article at Money Magazine.

Financial Landing 2015

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