Commentary: The looming retirement crisis in America is more of an already here crisis. And it goes beyond the decline of Social Security benefits due to the lack of workers supporting those 10,000 boomers retiring per day. Pensions are unsustainable if not bankrupt. The 2007 economic crisis depleted peoples retirement plans. Take all that and add to the fact that over 40 million American workers have zero access to retirement benefits at work, and we have a systemic problem on our hands that President Obamas auto-IRA plan, first announced last year during his State of the Union address, is poised to positively impact big time.
Fact: 30 million additional people will have access to retirement benefits at work.
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