Americans have been made to feel like failures when it comes to retirement savings. They have been told that their savings shortfalls are their fault. If only they would save more, make better financial decisions, and anticipate future life events, they would be able to approach their golden years without worry. But few actually make it to age 65 with adequate — let alone healthy — nest eggs.
This National Endowment for Financial Education-funded research shows that it is typical for a person to experience significant setbacks in their retirement savings throughout their lifetime — so common, that 96 percent of Americans experience four or more income shocks by the time they reach age 70. >> Download report