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The Middle-Income Boomer Retirement Gap: Savings, Education and Advice study surveyed 1,000 Americans aged 50 to 68 with an annual household income between $25,000 and $100,000.
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"If the government wants to significantly scale back the age pension, then it must offset the impact by making serious reforms to super to fill the retirement income gap," said the chief executive of Industry Super Australia, David Whiteley.
Industry experts suggest business leaders have been left paralysed by the sheer scale of tackling the retirement savings gap over previous decades and many remain "caught in the headlights".
As the baby boomer generation prepares to enter retirement, the gap between the number of STEM workers needed and students with expertise in related fields continues to widen.
Social Security Works and its allied organizations began publicly promoting an idea they long had privately supported: that Social Security should be increased in order to combat a growing retirement income gap.
For more about the campaign go to facebook.com/7Families * * * Women are in real danger of falling into a retirement savings gender gap in their 30s.
Retirement USA reports the gap between what Americans need to retire and what they actually have is $7.7 trillion.
The gap in retirement and health benefits is even wider.
One such theme is to rely much more on "privatization" to address the long-term gap between retirement needs for the baby boom generation and tax revenues accumulating in the Social Security and Medicare trust funds.
Since then I've been struck by the enormous gap his retirement is going to leave, not just in his beloved homeland of South Africa, but right across the globe.
(For more on the changing face of retirement, read The Generation Gap").
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