Undercoddled Nest EggsGene Koretz
Those anticipating a revival in America's lackluster savings rate--as baby boomers head for retirement--won't be happy about a new RAND report by economist James P. Smith. His analysis of a 1993 survey of 7,600 U.S. households with a member aged 51 to 61 found both stark inequities in wealth and a surprising dearth of savings.
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