Centre for Policy on Ageing



Boosting savings — [retirement savings of Americans]
Author(s)	Tom Nelson
Journal title	AARP International : The Journal, Winter 2009
Publisher	AARP, New York, Winter 2009
Pages	pp 32-35
Source	http://www.aarpinternational.org/thejournal
Keywords	Savings ; Pensions ; Preparation [retirement] ; United States of America.
Annotation	The author briefly describes the current position of many American families who find their retirement shadowed by financial insecurity. Only half of families have saved in any kind of retirement account; and, among those who have, the typical family has saved about US$35,000. As many as 75 million American workers work for an employer who does not sponsor a retirement plan, which represents approximately 50 percent of the American workforce. This situation will need to be redressed through public policies to boost individual levels of savings and thereby promote retirement security. The recent pension reforms undertaken in the United Kingdom are cited as an example the US Government should consider following. The author is the Chief Operating Officer for AARP. (KJ/RH).
Accession Number	CPA-090324203 A
Classmark	JDD: JJ: GA: 7T
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...from the Ageinfo database published by Centre for Policy on Ageing.