Only six in 10 Baby Boomers and Generation Xers are expected to have sufficient retirement savings.
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The Employee Benefit Research Institute has determined that a lack of access to a 401(k) program, or other type of retirement plan, and low income are the two most common factors that prevent employees from saving adequately for retirement. So reports USA Today.
Only six in 10 Baby Boomers and Generation Xers are expected to have sufficient retirement savings.