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Article Looks At The Numbers Behind Retirement In The U.S.
Standard & Poors, May 2011
Abstract
NEW YORK (Standard & Poor's) May 17, 2011--In a recent survey by the American Institute of Certified Public Accountants, 40% of working Americans said they will never be able to afford to retire. They might be right, said an article published today by Standard & Poor's Ratings Services. The article, which is titled 'The Time Until Retirement Is Running Out, But The Savings For It Aren't Adding Up,' says that most Americans haven't saved anything for retirement, and the few who have usually haven't saved enough. What's more, the 2008 recession and the declines in stock and home prices have devastated the funds they had put away. As a whole, Americans are still not financially prepared to stop working. Most...
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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