American savers are in fair shapewhen it comes to retirement preparedness, Fidelity Investmentsreported last week.
Fidelity's biennial retirement savings assessment study showed that Americans'retirement score had reached a record-high 80, which means that thetypical saver is on track to have 80 percent of the income Fidelityestimates he will need to cover retirement costs.
This represents a big improvement over a score of 62 in 2005,when the first assessment was conducted.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
