28 percent of Americans say they will never be able to retire
By Scott G. Winterton, Deseret News. Sheli Craven, a nurse at the Riverton Hospital, says she is lucky to have the job because the recession has forced part-timers into full-time work and those who were scheduled to retire can't afford to.
Saturday, May 18 2013 11:59 PM EDT2013-05-19 03:59:26 GMT
A man was shot in the leg Saturday night inside of BREC's Hooper Road Park, according to the East Baton Rouge Parish Sheriff's Office. The injury is not considered life-threatening. The victim told investigatorsMore >>
A man was shot in the leg Saturday night inside of BREC's Hooper Road Park, according to the East Baton Rouge Parish Sheriff's Office. The injury is not considered life-threatening. More >>
It's all about the odds, and one lone ticket in Florida has beaten them all by matching each of the numbers drawn for the highest Powerball jackpot in history at an estimated $590.5 million, lottery officials...More >>
Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million - the highest Powerball jackpot in history.More >>
Saturday, May 18 2013 9:39 PM EDT2013-05-19 01:39:50 GMT
A 12-year-old boy accidentally shot his 8-year-old brother in the shoulder Saturday afternoon, according to the East Baton Rouge Parish Sheriff's Office. The injury is not life-threatening. The accidentMore >>
A 12-year-old boy accidentally shot his 8-year-old brother in the shoulder Saturday afternoon.More >>
Friday, May 17 2013 7:41 PM EDT2013-05-17 23:41:51 GMT
The director of the East Baton Rouge Companion Animal Alliance admits her city-parish shelter messed up big time Friday."We take full responsibility," Beth Brewster, CAA director "CAA takes full responsibilityMore >>
The director of the East Baton Rouge Companion Animal Alliance admits her city-parish shelter messed up big time Friday.More >>
At the corner of Plank Rd. and Scenic Highway sits a Chevron gas station. It's off I-110 near Memorial Stadium. Around 10 p.m.Sunday, a family stopped here to get gas. "Upon our arrival, we located threeMore >>
A man said he, his wife and his daughter were all punched because they were in the "wrong neighborhood" when they stopped to get gas at night. More >>
By: Amberlee Lovell
Retiring is a hope that 28 percent of Americans said they will never be able to afford, according to an article by the Wall Street Journal.
In a study that has covered 23 years, the report indicates this is the highest percent of those who have no confidence in being able to retire. Even for those who are planning on retirement, savings were reported down.
Of the U.S. workers surveyed, 57 percent have less than $25,000 in household savings and investments not including a home.
The problem of low savings is increased as the life expectancy rate grows, the article indicates. Even the amount of workers saving has dropped from 75 percent in 2009 to 66 percent now.
More companies are getting rid of traditional pensions, accoring to the Wall Street Journal. The pensions have become a much smaller component to retirement savings over the past 30 years.