"Clearly, Americans are focused on saving for retirement as a top priority," said ICI senior economist Sarah Holden, who co-authored the study with ICI senior economist Peter Brady, in a statement.The research also showed that mutual funds' share of the retirement market continues to increase and represents about $3.4 trillion of the total.
"Our research continues to indicate that individuals are building retirement nest eggs by using employer-sponsored plans and IRAs."
Monday, July 17, 2006
Retire on $14.5 trillion?
Can we retire on $14.5 trillion? That's the amount of money Americans have stashed away in retirement accounts according to research published today by the Investment Company Institute.