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The study, conducted by Boston College's Center for Retirement Research, says savings have been squeezed by declines in stock and housing values.
The study was commissioned by Retirement USA, a coalition of organized labor and pension rights advocates that hopes to use the study to push for a more stable retirement system. The group plans to unveil the study at a news conference in Washington on Wednesday.
The $6.6 trillion figure is based on projections of retirement and income for American workers ages 32-64. The study's authors say they arrived at the amount using conservative assumptions, including a 3 percent rate of return on assets and no further cuts in pension coverage or increases in the Social Security retirement age.
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No problem here .
ReplyDeleteNow that the treasury is already looted ,and all future tax revenues going to pay the interest to the bondholder elite class.
Whats a few trillion more here or there in IOU for wars and pensions for the next generation of debt Peons to pay off.
In order to try and save the TBTF of the great Ponzi economy?
As a genuine survivor, I can tell you I am prepared to eat human flesh.
ReplyDelete