The 401(k) Crisis Is Getting Worse

Updated on
  • Half of U.S. workers lack company-sponsored retirement plans
  • 45% of businesses with fewer than 100 employees offer 401(k)s

Tim Egan has been working since he was 14. He’s now 56 and has spent most of his career as a restaurant manager. He has virtually nothing saved for retirement and, until last month, never had a 401(k) account.

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