By Richard E Walrath

The Center for Retirement Research (CRR) recently concluded, based on results from the National Retirement Risk Index (NRRI) “nearly 45 percent of Americans will be ‘at risk’ of being unable to maintain their standard of living in retirement.”  

Somebody comes up with this same article, slightly different title, every few weeks or so.  But they all say the same things–about half of the people will have "enough" for their retirement, and about half won’t. 

Is that a crisis? 

Not for those who will have enough for their retirement.

In a way, it reminds me of the man who applied for a job as usher for a theatre.

He was asked, “What would you do in case of a fire”?

“Don’t worry about me,” he said.  “I’ll get out all right.”

The other half of this story is that you keep hearing about the coming shortage of labor in the future in this country.

If half of the people aren’t going to have "enough" to retire on, guess what?  They are going to have to work. 

The real question is where are they all going to find jobs?