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Median household net worth decreased by $5,046, or 6.8%, between 2000 and 2011, but during that same period, median net worth increased for those age 65 and older, according to a new report from the U.S. Census Bureau.
Many people are gambling with their retirement, not saving enough and hoping that things will work out. But some credit unions and nonprofits are taking a different approach to induce savings: lottery tickets.
Things you might have missed — but shouldn’t. Highlights from last week’s NAPA Net Daily include:
Its authors may not have led with that title, but a recent paper calls for wholesale changes to the way Americans currently save for retirement, including suspending all defined contribution savings arrangements because “they are complex, costly, and challenging for employers and employees to manage.”
The gender gap in retirement savings is closing. In fact, it could be on course to reverse the long-standing predominance of men’s retirement savings rates, says a recent study by MassMutual.
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