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July 25, 1995 | From Associated Press
A new study finds wide disparities in wealth distribution and suggests that many Americans will not be able to retain their standard of living in retirement. Economist James P. Smith of the Santa Monica-based Rand Corp. said the biggest surprise in his study is "how little the average household has accumulated." Many Americans, he said, "simply have engaged in very little savings."
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BUSINESS
July 25, 1995 | From Associated Press
A new study finds wide disparities in wealth distribution and suggests that many Americans will not be able to retain their standard of living in retirement. Economist James P. Smith of the Santa Monica-based Rand Corp. said the biggest surprise in his study is "how little the average household has accumulated." Many Americans, he said, "simply have engaged in very little savings."
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