CHICAGO — Despite the unrelenting flow of advice from people who ought to know, huge numbers of Americans just aren’t facing the truth about retirement. It would seem that those of us who are systematically planning and saving for a comfortable retirement are on the road to becoming a distinct minority.
Adding to the growing body of evidence of this national lethargy is data from the latest annual survey on retirement preparation conducted by Employee Benefit Research Institute (EBI), a non-profit organization. EBI has been gathering this data for 22 consecutive years. Among the findings of its 2011 survey: