Commentary: 40% of the American middle class face poverty in retirement. How do we change that? https://t.co/3pArY3E7SW
— CNBC (@CNBC) November 18, 2018
- Some 40 percent of middle-class Americans are at risk of poverty in retirement, due to depressed earnings and asset values and increased health-care costs.
- Nearly three-quarters of workers now plan to work past traditional retirement age.
- Both workers and employers must focus on a fix: the former by saving more, the latter by ensuring that defined benefit plans are efficient and sufficient.