The average American hopes to retire by the age of 63. After all, asset quality is the one part of retirement education that gets the most talk in the 401(k) world. FBNâs Adam Shapiro reports on what you need to know about Americaâs retirement crisis. How much money has the median American workers saved up for retirement? If you answered zero, youâre correct. Many Americans face a more difficult retirement than their parents enjoyed, thanks to vanishing employer pension benefit programs, potential cuts in Social Security benefits and rising health care costs, according to The Nationâs Retirement System, a report issued by the U.S. Government Accountability â¦ Remember to check out the webâs best conservative news aggregator Whatfinger.com -- the #1 Alternative to the Drudge. For many workers in the United States, retirement is a train without brakes barreling down the tracks. Additional funding to address such a crisis could be scarce in a post-pandemic world. Do you have a retirement plan? Also check out newcomer ConservativeNewsDirect.com. Most retirements last in the range of 15-20 years. Next Article â Click Here for More Featured Articles. A study conducted by The Blackstone Group, an independent research firm, on behalf of Bankers Life Center for a Secure Retirement outlines some very unsettling data regarding middle-income baby boomer retirement care preparedness. Broken Eggs Awakens America to the Looming Retirement CrisisWhat was once a life ending in happily ever after is now a life ending in working ever after. Some forums can only be seen by registered members. Baby boomers, in particular, have not saved nearly enough for retirement. Certified financial planner Tony Drake, from Drake & Associates, joined CBS 58 on Oct. 8, to discuss the retirement crisis in America. Retirement Crisis in America (insurance, expenses, credit, debt) User Name: Remember Me: Password : Please register to participate in our discussions with 2 million other members - it's free and quick! More than half (56%) of all workers don't know how much they'll need to save for retirement. Perhaps that's why 36% of workers and current retirees have $1,000 or less in savings. Theyâre going to live longer than they think, and if trends continue, many will run out of money before they die. There is a retirment crisis in America and it is becuase people do not start investing. Those numbers end up being skewed higher due to a small number of investors with a huge amount of savings. MILWAUKEE (CBS 58) -- Many people have their retirement mapped out down to a date, but the coronavirus pandemic has thrown a huge wrench into even the best plans. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads. It Just Requires a Change in Perspective . Economists who argue that there is no retirement income crisis are missing the point. Editorial Team June 5, 2020 Retirement Income Planning; Retirement Planning Isn't Rocket Science. Whatâs Causing Americaâs Retirement Crisis? Liberty Nationâs Andrew Moran answers the question: Will the Federal Reserve fuel the retirement crisis in America? The crisis is not today, it is 20 years in the future. Americaâs Retirement Crisis. According to the National Retirement Risk Index (NRRI), nearly 45 percent of Americans will be at risk of not being able to maintain their current standard of living after retirement. The retirement crisis is anything but imaginary. Is not today, it is 20 years in the 401 ( k ) world what, but it be... 'S why 36 % of what is needed to meet retirement goals 1. Retirement goals they think, and if trends continue, many will run out of money before die... 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