By Riley Adams
Source: WealthUp
Pensions are assuredly down, but they’re not out for the count … yet.
On the whole, Americans’ prospects for retirement are cloudy at best. While Social Security is not actually going “broke,” we are facing the prospect of lower monthly benefits within a decade. More than half of U.S. adults don’t think they’ve saved enough for retirement.
And one of would-be retirees’ most powerful tools—the almighty pension—continues to fade into obscurity. What once was a staple of retirement planning is now, according to the Bureau of Labor Statistics, offered by a mere 15% of private-industry employers.