Retirement Facts

Did you know....

  • According to a 1999 Retirement Confidence Survey, workers expect to work longer than their parents and 68% of those surveyed plan on working after they "retire." Half of all workers surveyed have determined how much they need to save for retirement.
  • According to a 2000 US General Accounting office report, "in 1998 48% of retired persons reported that they had no pension income of their own or from a spouse."
  • The main reason that Social Security might experience financial crisis is that the elderly population is aging faster than the number of workers financing the program.
  • According to a Small Business Administration report "The Third Millennium: Small Business and Entrepreneurship in the 21st Century,"
    • new patterns of "connectivity" will develop among small business firms
    • small business will face an aging and increasingly diverse work force
    • small firms will continue to play a dominant role in job creation

 

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