Somehow, I think this one fact says something essential about Americans and why we believed that Reagan would lower taxes, increase spending and balance the budget.
- 62% of American workers expect to receive a pension upon retirement
- 41% of American workers actually have a pension plan
Life just doesn’t work that way people.
Source: Employee Benefit Research Institute, 2007 Retirement Confidence Survey, cited in “In the Vanguard”, summer 2007.