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South Carolinians go to the polls this month to vote in primary elections for governor, lieutenant governor and other statewide offices. Do you know where the gubernatorial hopefuls stand on issues important to people 50 and older?
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We have all heard that the savings rate in U.S. is dismal. In fact, the typical working-age household has only $3,000 in retirement assets and retirement age households have only $12,000. Bringing it closer to home - the National Institute on Retirement Security ranks South Carolina 50th worst in 401k savings.
By Linda H. Lamb
Por Linda H. Lamb
AARP South Carolina believes that today, a secure retirement is out of reach for millions of Americans, especially those who work for small businesses. According to the National Institute on Retirement Security, the conservative estimate of the total U.S. retirement savings deficit is $6.8 trillion. Nearly half of workers age fifty and older have less than $25,000 in savings and investments. The average 401(k) account balance in South Carolina is $20,630, ranked 50th worst in the United States.
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