The main point of this Washington Post column is to describe the looming danger facing retirees with insufficient savings, and to suggest one possible answer (a supplement to Social Security). But I found the column most interesting for its discussion of savings rates among even Americans living above the median income (spoiler alert: they're alarmingly low). Another interesting tidbit:
A 2011 study found that half of American families couldn’t put their hands on $2000 within 30 days if an emergency struck. As the authors wrote,
that $2000 amount “reflects the order of magnitude of the cost of an
unanticipated major car repair, a large copayment on a medical expense,
legal expenses, or a home repair.”
Helps explain how easily people fall into debt, and why consumer protection laws are so important to so many people.