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Retirement gap widens as savings fail to grow nationwide
The AP analysis of Federal Reserve data shows 35 percent of middle and older households have no retirement savings and no pension, while the wealthiest 10 percent hold over 413000 in retirement accounts. Nancy Harvey, 54, Oakland, and Janene Evans, 53, Belegrade, exemplify the squeeze as pensions fade and 401(k) plans become essential.
MENTIONED IN THIS ARTICLE
New York
U.S
Federal Reserve
Fed
Nancy Harvey
Oakland
Calif
Harvey
Lincoln Financial
Social Security
Washington
Organization For Economic Cooperation and Development
Pew Charitable Trusts
Anthony Webb
Schwartz Center For Economic Policy Analysis
Janene Evans
Belgrade
Mont
Arizona University
Evans
S&p 500
David Harraway
Harraway
Colorado Springs
Colo
Who
Government Accountability Office
U.S. Small Business Administration
Alicia Munnell
Center For Retirement Research
Boston College
California
Jerry Brown
Weller