chapter  21
20 Pages

Employee Retirement Savings: What We Know and Are Discovering for Helping People Prepare for Life After Work

ByPunam Anand Keller, Annamaria Lusardi

Crisis seems like an extreme descriptor, but crisis is how the current state of retirement savings has been characterized by many. Several factors contribute to the fact that nearly 45% of Americans will be at risk of being unable to maintain their standard of living in retirement. Current retirees make it look deceptively simple, because they live in a world of Social Security, de! ned bene! t pensions, employee retirement plans, and savings.