hreonline
The Employee Benefit Research Institute's EBRIRetirement Readiness Rating, released July 13, finds about two-thirds (64 percent) of Americans in the two lowest preretirement income levels will be running short after 10 years in retirement.
Moreover, after 20 years of retirement, one-third (29 percent) of those in the next-to-the-highest income level will run short of money, as will more than 1 in 10 (13 percent) of those in the highest income level.
The findings have created enough alarm in the business community and the media that the study became the subject of a recent NBC Today Show discussion between show host Matt Lauer and Jean Chatzky, NBC's financial editor.
