10 Key Aspects Of Calif.'s CalSavers Retirement Program

Law360 (April 1, 2019, 11:34 AM EDT) -- The 2018 Planning & Progress Study conducted by Harris Poll on behalf of life insurance company Northwestern Mutual included 2,003 U.S. adults ages 18 and older.

It found that one-fifth of U.S. residents (21 percent) do not have any retirement savings; one-third of baby boomers (33 percent), who are considered closest to retirement age have less than $25,000 in retirement savings; three-quarters of the population believe it is "not at all likely" (24 percent) or "somewhat likely" (51 percent) that they will not be able to tap Social Security funds when they retire; and almost half (46 percent) of adults have...

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