Economists and retirement experts have argued for some time that most Americans are not saving enough for retirement. Yet the impact of the recession and the ensuing damage to many U.S. workers’ retirement savings has made the situation even more serious. The issue affects workers of all ages and is projected to intensify as more employees find themselves reaching retirement age with inadequate savings. As a result, HR professionals are preparing for the impact of a retirement crunch by both considering the potential implications it could have on the workplace in the coming years and by using new strategies to help employees save their money.
Read the entire article by the Society for Human Resource Management
