| Abstract: | We last looked at the problems of retirement security two years ago. Since then, unfortunately the only change is that we are two years older and thus even closer to retirement. Americans are certainly no better prepared to stop working, as wealth has actually declined relative to income. At the same time, a weakening economy could force many older Americans to stop working earlier than planned, while the weakening stock and housing markets could mean that they will have less wealth than they expected. The combination of rapidly approaching retirement and the weak financial markets is adding to Americans' fears about post-retirement financial security. However, it doesn't seem to be adding enough to induce more saving, as the household saving
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| Sector: | Asset-Backed Commercial Paper, Asset-Backed Securities, Collateralized Debt Obligations, Commercial MBS, Corporations, Financial Institutions, Global Issuers, Insurance, International Public Finance, Public Finance, Real Estate Companies, Residential MBS, Servicer Evaluations, Sovereigns, Structured Finance, Utilities
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