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Americans’ Debt Grows Faster Than DC Plan Contributions

Friday, Oct 25 2013

Retirement

Written by PFA News

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Approximately 60% of households with access to defined contribution plans contributed less to their retirement savings than the amount of debt they incurred in 2010. So reports ThinkAdvisor.

The statistic stems from a recent Hello Wallet study called “Debt Savers in Defined Contribution Plans,” which determined that the average plan participant contributes 8% of earnings to retirement, including Social Security.

Read the full article from ThinkAdvisor.

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