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US Pension System Needs Reforms

For several years now America has been smoothly plunging into the pension system crisis. By some estimates, one in five Americans has less than $5,000 in retirement savings, reports SouthFloridaReporter.com.
US Pension System Needs Reforms

According to the Federal Reserve, 28% of yet-to-be-retired American adults do not have retirement savings or retirement plans. The average retirement savings for those who do have them is approximately $109,000, which is roughly enough to provide a monthly income of $405 for a 65-year-old US resident.

The reasons why people don't save for retirement can vary from generation to generation. There is, however, a common reason: the retirement crisis has a big impact on how people start to relate and what methods to use to protect their interests and their future.

Source: https://southfloridareporter.com/final-expense-life-insurance-for-seniors-in-floridaрр/

Photos are from open sources.

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