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Both sides agree. They support giving bankers, war profiteers, other corporate favorites, and super-rich elites greater wealth at the expense of most others.
A May 2012 Employee Benefit Research Institute (EBRI) study highlighted America's retirement crisis. American workers face trouble.
The percentage of those expecting to retire after age 65 increased to 37%. In 1991, only 11% expected to do so.
One-third of US workers expect to retire at age 70 or older. Growing numbers expect never being able to do so.
Over two-thirds expect to work at least part-time past age 65. At the same time, health and economic crisis conditions keep many of them from doing so.
Nearly one-third are woefully unprepared. Their savings are less than $1,000. Many others have nothing in reserve. Around 60% have less than $25,000.
Fewer than half of working Americans calculated how much they need in retirement. About two-thirds feel they're behind schedule preparing for it.
Only 14% believe they're adequately prepared. Only one-third have defined benefit plans.
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