University of Southern California Investing and Retirement Discussion

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University of Southern California

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Now in a dose of reality, let's talk about how much money the average American has actually saved for retirement. What do you think we could/should do about the enormous gap between retirement needs and actual retirement savings? What do you think could be done to promote more retirement savings? Do you think Millenials are more likely or less likely to be prepared for retirement than the baby boomers? What do you think will happen as these groups approach retirement age?

Check out this graph of the median amount the average family has saved for retirement. Note that the chart uses the median rather than the mean, or average, because this eliminates the effect of those with zero savings and those who are super-savers.

http://www.cnbc.com/2017/04/07/how-much-the-average-family-has-saved-for-retirement-at-every-age.html

MS Word Copy of CNBC article:

MS Word - CNBC here is how much the average family has saved 2017.docx

If you would like more information about the state of American retirement, you can read this full report where the CNBC article got its information from (the above figure is Figure 5 in the report).

The State of American Retirement: How 401 (k)s have failed most American workers

url below

http://www.epi.org/publication/retirement-in-america/

or pdf file copy

state-of-american-retirement-final - Economic Policy Institute.pdf

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Hi, here is the answer.

Running head: INVESTING AND RETIREMENT

Investing and Retirement
Student’s Name
Institution Affiliation

1

INVESTING AND RETIREMENT
Investing and Retirement
The gap between retirement needs and actual retirement savings has widened
over the years. Firstly, shifting from the contribution-based to the defined-benefit
model of savings would be essential. Social security savings have also proven to be
more reliable to the more significant population. They favor low-income earners, all
ethnic and racial groups, education groups, and single women (...


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