Friday, June 09, 2006

 

Grim Retirement Awaits Many

Almost 1 in 2 American families is headed toward years of financial struggle in retirement, according to a new report that says workers are unprepared for cuts in pension and Social Security income.

Much of the pain will fall on Generation X, those born between 1965 and 1972, the report said. That's primarily because these younger workers face the prospect of diminished Social Security income and fewer of them will have pensions.

Grim Retirement Awaits Many
Source: LA Times

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