How much you REALLY need in retirement savings - as one economist reveals it's far less than you think
A senior think tank economist has revealed how much American really need to save in their retirement accounts - and it is much less than a million dollars. According to Andrew Biggs, a senior fellow at the American Enterprise Institute think tank, a typical senior who reported having a satisfactory retirement had $50,000 to $100,000 in savings. In the past, finance gurus have claimed that the average American should have $1.
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