Quote:
Originally Posted by LivingAlmostLarge
Do these numbers not count pensions? My mom has $150k saved for retirement at 55! We have nearly that much at 28 and 30. BUT my mom draws a pension of $4k/month.
So are pensions not counted? Something forgotten is how many people have pensions and I think pensions are not considered.
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I'm sure you are right and pensions are not included, nor should they be. The percentage of workers covered by a traditional pension plan has been steadily falling and I think is now in the 20-some percent range and is probably composed primarily of older workers nearing retirement age. I doubt that many folks in their 40s and younger have pensions. And many retirees or soon-to-be retirees have seen company pensions frozen due to under funding. What happens to those folks who didn't save on their own because they were counting on a pension to bail them out in retirement?
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