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September 17, 2010

Missed it by that much

American workers are short on retirement savings. How short? $6.6 trillion short, if this new study is to be believed.

As usual, there are things to quibble about with the study's methodology. In this case, the study assumes a paltry rate of return of 3% on invested assets. Given that the survey covers workers aged 32-64, hopefully that rate will end up being too low.

But if they're even half right, that's still a big deficit to make up.