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Standard & Poor's

Report Finds Americans are Unprepared for Retirement

Published in Aging and Elder Health Week, June 1st, 2008

The combination of rapidly approaching retirement and concerns about post-retirement financial security has not translated into more personal savings for most Americans, said Standard & Poor's in a report released. The report, titled "Older But Not Wiser: Why Americans Remain Dangerously Unprepared for Retirement," finds that the average American household savings rate remains near 0%. This article is one of a series of articles on U.S. pensions and OPEB liabilities that will appear in a special report in the May 26, 2008, issue of Standard & Poor's CreditWeek. Standard & Poor's will hold a conference call at 10:00 a.m. EDT on Wednesday, May 21, to discuss these issues. (Dial-in...

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