NEWS FLASH

Study: Many Americans won’t be able to retire until their 80s | A growing number of Americans will not be able to retire when they hope, a new study from the industry-backed Employee Benefit Research Institute finds. Not surprisingly, low-income workers will be hardest hit, with those in lowest income quintile needing to work until age 84, on average, before being able to retire. Even middle class workers who earn between $31,200 and $72,500 a year on average over the course of their career will only have a 50 percent chance of being able to retire by age 72.