Retirement expert: ‘40% of folks are going to literally run out of money’

A good chunk of Americans will outlive their savings if the retirement landscape doesn't change in the country, one expert predicted recently on YahooFinance

A good chunk of Americans will outlive their savings if the retirement landscape doesn't change in the country, one expert predicted recently on Yahoo Finance.

Grumet appeared as part of Yahoo Finance’s ongoing partnership with the Funding our Future campaign, a group of organizations advocating for increased retirement security for Americans. His comments echo the dismal outlook that Americans themselves have about their retirement prospects. About 45 million working Americans don’t have access to a retirement plan through their employers, Grumet noted, and that 30 million of those Americans would sign up if offered one.

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