The Growing Retirement Crisis (And How to Avoid It)

Published: April 23, 2019, 3:25 a.m.

There’s a growing retirement crisis in this country. A new report on how well Americans have prepared for retirement shows that many Baby Boomers are in bad shape. Many don’t have any savings or a private pension to rely on. There’s also a risk to basic entitlements, like Social Security and Medicare. Without a major overhaul, retirees may face Social Security cuts, and bigger co-pays for health care, in the not-too-distant future.