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Mar 7, 2018

CNBC Your Wealth: 42% of Americans may retire broke

Straight talk from the money editor

The world is getting older. There are more people age 65 and older than ever before, and these 600 million individuals are placing pressures on established retirement systems. The World Bank estimates that by 2050 the global elder population will grow to 2.1 billion, making retirement security one of the most pressing social issues facing the world in the next 30 years.
And sadly, the U.S. is losing ground when it comes to retirement security. Among the leading nations for retirement security, the U.S. ranks #17, according to the 2017 Global Retirement Index. At this rate, retirement is more of a fantasy than a reality for many people in this country. For more stuff like this, please follow me on Twitter @jimpavia

Jim Pavia
Money Editor

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