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Transamerica Institute CEO warns of retirement 'perfect storm'

Original: Transamerica Institute’s CEO warns of a retirement ‘perfect storm

The head of the Transamerica Institute has warned that the United States is heading toward a retirement 'perfect storm', pointing to mounting pressures on Americans' ability to save for later life. The warning comes as household savings remain thin, costs rise and questions grow over the long-term durability of Social Security and employer-backed retirement support.

Why now: Anxiety over retirement security is high amid inflation, low savings and doubts about Social Security's future.

Transamerica Institute

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