Inside America’s retirement income crisis

Americans close to retirement or recently retired are still not prepared, according to a new survey, “Americans Change Retirement Savings Strategies,” from the Alliance for Lifetime Income (ALI), a nonprofit consumer organization that educates Americans on how to protect their retirement.

“There has been a seismic shift in retirement security from a time when many people could rely on a pension in retirement,” said Jason Fichtner, a senior fellow and head of the Retirement Income Institute and chief economist at the Bipartisan Policy Center, both based in Washington, D.C. “Today, many Americans are facing a retirement crisis because they are at risk of running out of money in their retireme