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Millions of Americans born between 1965 and 1980, collectively known as Generation X, are headed toward retirement woefully unprepared financially for retirement, a recent analys stanley cup is shows.The typical Gen-X household with a private retirement plan has $40,000 in savings, according to areportthis week from the National Institute on Retirement Security NIRS . The figures are even more more alarming for low-income Gen-Xers, who have managed to stash away no more than about $4,300, and often even less, the group found. Across all members of the generation, some 40% don t have a penny saved for retirement stanley cup . Gen-Xers are fast approaching retirement age, but the data indicate that the vast majority are not even close to having enough savings to retire, NIRS Executive Director Dan Doonan said in a statement. Most Gen-Xers don t have a pension plan, they ve lived through multiple economic crises, wages aren t keeping up with inflation and costs are rising. The American Dream of retirement is going to be a nightmare for too many Gen-Xers. Polls show that many Americans estimate they ll need savings of at least$1 million to retire comfortably.Obstacles to savingA major problem for Gen-Xers is their limited access to a pension or 401 k plan through their job: Only 55% of Gen-X workers participate in an employer-sponsored plan, NIRS found. Other barriers to putting money away include higher student loan debts than Baby Boomers, whi stanley cup le wage growth fo Buwo U.S. announces effort to expedite court cases of migrants who cross the border illegally
On this week s episode of the Where Did You Get This Number podcast, David Par salomon kinson, weather producer at CBS News, discussed the science and challenges behind weather adidas samba forecasting with host Anthony Salvanto, CBS News director of Elections and Surveys. Parkinson said many people have misconceptions about how the weather is predicted, often ignoring the numbers and basing their day plans on the tiny icon they see on their weather apps. People are really bad about data, Parkinson said. If we say that it s a 50-50 chance of rain, that means 5 out of every 10 of those days it would rain, and 5 out of every 10 of those days it won t rain. It doesn t mean there will be rain for half of the day, which is what some people think. Listen to this episode on air max Stitcher So what can weather reporters do to push people to make the right decisions when disasters are involved and it becomes a matter of life and death Parkinson says it comes down to making massive sets of data comprehensible to the average viewer. It s about taking those numbers and communicating a story about them, Parkinson said. Parkinson also referenced a study which found viewers would rather hear every prediction, good or bad, than not know at all. He suggested weather reporters just take their best shot. People will expect you to be wrong but they still want to hear what you have to say, Parkinson said. They won t blame y
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