PS: Readers, --I have a big report coming up. Should be posted Sunday-Monday. It is very long, but worth the read! Juicy. And will surely have many upset, but it's something you should know about because it's being done in plain view with many citizens in the US approving.
Stay tuned,
tonzal
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BATTLE FOR WORLD / YAHOO | March 30, 2019: The article highlights bad news, that in almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. But that the good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years ago.

Of those 55 and older, says the report, 48 percent had nothing put away in a 401(k)-style defined contribution plan or an individual retirement account, according to a GAO estimate for 2016 released Tuesday (March 26). That the data was an improvement from the 52 percent without retirement money in the year 2013.

Two in five of such households had access to a traditional pension, also known as a defined benefit plan. However, the data shows that 29 percent of older Americans had neither a pension nor any assets in a 401(k) or IRA account.

“Social Security provides most of the income for about half of households age 65 and older,” said GAO.

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