US Retirement Worries Subside as Wealth Rises
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The era of gold-plated pension plans is long gone. Worries over Social Security's eventual insolvency and under-invested Americans outliving their nest eggs persist. However, US retirement worries are subsiding as wealth rises. The article discusses the implications of flush US retirement accounts. The author mentions that the era of gold-plated pension plans has been replaced by concerns about Social Security's solvency and many Americans not having enough savings. Despite these concerns, retirement worries are diminishing as wealth increases.
https://www.bloomberg.com/news/newsletters/2024-04-03/us-retirement-worries-subside-as-wealth-rises