Commentary: 40% of the American middle class face poverty in retirement. How do we change that?

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  • 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.

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