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(Nebraska News Network)-- There is big concern over a recent poll showing 28% of all Americans have less than $1,000 saved for retirement and 57% with less than $25,000. Creighton University Economist Ernie Goss says 100-thousand baby boomers retire every day.
Goss says there will eventually not be enough people "pushing the economic wagon" that is filling up with retirees.
Goss says there are three possible outcomes to that equation and all three mean bad news for individuals. Those outcomes are higher taxes, inflation or higher interest rates.
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