Do the math: According to an EBRI survey conducted last year, 66% of workers have saved less than $50,000 for their retirement. And 28% have saved less than $1,000. Good luck with that.The full article mentions three new reports that document how unprepared Americans are for retirement. We need new systems to help Americans save for retirement, and I am not sure MyRA will really help that much (but it certainly cannot make this situation worse).
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