Americans’ Retirement Savings Fall Short By Nearly $500,000 (forbes.com)
This means that 40 years after the 401(k) plan came on the scene — ushering in an era of voluntary, financialized, and individual-driven retirement — the American system is failing. The Mercer CFA Institute Global Pension Index Mercer/Melbourne international survey puts the U.S. near the bottom of all rich nations in the Organization for Economic Co-operation and Development. The Netherlands, Australia, and Finland all received A’s while the U.S. earned a mere C plus.
Other C+ nations include Columbia, Croatia, and Kazakhstan. LS