[lbo-talk] PDF of Fed Reserve economists' paper saying Americans save TOO MUCH for retirement

[andie nachgeborenen]

I guess it depends on what you mean by "adequate."
Probably not enough for a Federal Reserve economist,
but maybe enough to keep you out of living in a
cardboard box under East Wacker Drive. 

--- joanna <123hop at comcast.net> wrote:


> B. wrote:
> 
> >Apparently the PDF file of the "recent study
> conducted
> >by Paul Smith and Lucy McNair of the Federal
> Reserve
> >Board, and David Love, an economist at Williams
> >College, whofound that 88 percent of all households
> >with breadwinners over age 51 had accumulated
> >sufficient resources to finance adequate
> consumption
> >in retirement" 
> >
> I just don't believe it.
> 
> Joanna
> 
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