US Facing Retirement Crisis Says Charles Ellis

Most people don’t’ have enough money saved for retirement, and this is one of the most significant hidden issues facing our nation, says Charles Ellis, founder of Greenwich Associates and author of a new book, “Falling Short,” which details the retirement predicament facing the U.S. and world. Ellis: those saving for retirement are unprepared and ill-informed Ellis, speaking at the Morningstar ETF conference, noted the median amount saved in retirement accounts is $110,000, a sum that is required to help support people who are on average living nearly 20 years past the 65 year old common retirement age. While many…