Ok. If the national savings rate is negative and people are drowning in debt (no link needed there), then why would anyone need a fancy study on retirement savings to tell them about a problem there as well. You’d think people would actually try to keep food in the fridge and electricity in the bulb before saving for retirement, wouldn’t you?
Well, you get the study anyway. And guess what it says? Uh, the average US worker has paltry retirement savings.
Now a bunch of policy making types will step in to figure out how to solve the problem, and waste even more money. The problem is already clear – a consumption-based economy doesn’t bode well for savings. There – its been said. Now even the organizations funding these studies can save a little money.