Retirement USA in the News

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Study: Americans $6.6 Trillion Short of What They Need for Retirement

by Dan Weil,, September 16, 2010

The budget deficit isn’t the only huge imbalance facing the economy. Americans also are woefully short of the money they will need for retirement.

A $6.6 Trillion Shortfall

by Carole Fleck, AARP Bulletin, September 16, 2010

Retirement income gap is a wake-up call for Americans

Americans face $6.6T shortfall in retirement savings, says advocate

by Mark Schoeff, Jr., Investment News, September 16, 2010

Americans must confront a multitrillion-dollar shortfall in savings if they plan to maintain their standard of living during retirement, according to a study released this week. RetirementUSA, an advocacy group, pegs the “retirement income deficit” at $6.6 trillion. That figure represents the present-value difference between pension and retirement savings and what people need to retire.

America's retirement nest egg is $6.6 trillion short

by Al Olson,, September 16, 2010

The nation's “retirement gap” is growing wider as Americans struggle to add to their 401(k)s and other long-term savings, according to a study conducted by the Center for Retirement Research at Boston College.  The study, commissioned by Retirement USA, a union-affiliated advocacy group, figures that Americans are $6.6 trillion short of what we need for a comfortable retirement. group affiliated with labor-affiliated group America’s collective nest egg is $6.6 trillion short.

U.S. Retirement Deficit Reaches $6.6 Trillion: 'God Help the Poor Gen Xers'

by Laura Bassett, Huffington Post, September 16, 2010

America's retirement crisis has reached epic proportions, according to a recent study by Boston College's Center for Retirement Research. The study estimates that the current retirement income deficit, or the gap between the retirement savings of U.S. households and what they need to have in order to maintain their living standards past retirement, is a whopping $6.6 trillion -- five times the projected federal deficit for 2010.

Americans' 'Retirement Deficit' At $6.6 Trillion - Study

by Lynn Cowan, Dow Jones Newswires via the Wall Street Journal, September 15, 2010

Americans are $6.6 trillion short of the pension and retirement savings they ought to have today in order to maintain their standard of living when they retire, according to data released Wednesday by the Center for Retirement Research at Boston College.  That so-called "retirement income deficit" is five times the projected federal budget deficit for 2010, according to Retirement USA, a group of organizations advocating for strengthening Social Security and improving private retirement sources.

Report: U.S. households $6.6 trillion short for retirement

by Doug Halonen, Pensions & Investments, September 15, 2010

U.S. households are about $6.6 trillion short of having enough savings today to maintain their living standards in retirement, and pension freezes and 401(k) plan investment losses could make that deficit far worse, according to a news release by Retirement USA, a coalition of more than 20 national organizations that is promoting the need for an improved retirement system.

U.S. retirement income deficit: $6.6 trillion

by Andrea Coombes, MarketWatch, September 15, 2010

The gap between what Americans need for retirement and the amount they have saved is a staggering $6.6 trillion, Retirement USA, a coalition of workers’ groups, said in a study published Wednesday.

Farr: $6.6 TRILLION Cause Big Ripples

by Michael K. Farr, CNBC, September 15, 2010

Boston College’s Center for Retirement Research reported on CNBC that Americans ages 32-64 are $6.6 TRILLION short of what they will need to retire. Earlier this week we wrote, as we have several times in the past, “The baby boomer is ill-prepared for retirement and simply cannot continue with her/his reckless spending. Debt will continue to be paid down, spending growth will be modest, and economic activity will be subdued.”

U.S. Short of What's Needed to Retire

Marketplace, September 15, 2010

New research says Americans are more than $6 trillion short of what they need for retirement. Reporter Nancy Marshall Genzer talks with Steve Chiotakis about what that number is based on and if it could get worse.