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Crisis Drains $2T From Retirement Savings

Tumbling values may mean more workers have to stay on jobs longer, retire later

By Jim O'Neill,  Newser User

Posted Oct 8, 2008 10:31 AM CDT

(Newser) – The financial crisis has drained $2 trillion from Americans' retirement savings over the  past 15 months, reports the Washington Post, a 20% drop in the value of pensions and 401(k) plans that may force many to retire later and could spread to the general economy...   Read full story »

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