AICPA study: Americans 25-34 face uncertain future.
A new study commissioned by the AICPA shows that the target group for the Feed the Pig campaign--Americans aged 25-34--faces an uncertain financial future unless they change their ways. Dr. Christopher Thornberg and Dr. Jon Haveman, economists with Beacon Economics in Los Angeles, found that this group is simply not saving enough to fund their retirement needs. Complicating matters even more, their median net worth, which was $6,788 in 1985, plummeted to $3,746 by 2004, and this is despite higher incomes. The study also reveals:
* The number of 25-34 year-olds maintaining an interest-bearing savings...
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