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America's middle class knows it faces a grim retirement
America's middle class knows it faces a grim retirement

Wells Fargo did as much as it could to soft-pedal the findings of its fifth-annual Middle Class Retirement Survey, released Wednesday, but the horrific numbers speak for themselves. "Saving for retirement is a formidable challenge for middle-class Americans," the San Francisco-based bank says. A formidable challenge? No kidding. More than a third of middle-class families aren't saving anything in a 401(k), IRA or other vehicle, the survey found. For those 50 to 59 years old, it's 41%.  "Nearly a third (31%) of all respondents say they will not have enough money to 'survive' on in retirement," the bank says. "This increases to...

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