Retirement savings could fall 20% if U.S. defaults, report says

10/11/2013 | MarketWatch

The value of Americans' retirement savings could decrease by more than 20% over several months -- a loss of more than $2 trillion -- if the U.S. government were to default on its debt, a report from the American Society of Pension Professionals & Actuaries says. The report is based on the economic impact of the debt-limit debate in 2011, although that situation didn't end in default.

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