According to an article in the Washington Post, the St. Louis Fed study reveals that from 2007 to 2010 the median income of families headed by people aged 62 to 69 rose nearly 12% and the median income of families headed by people over 70 rose more than 15%. However, median income of families headed by people 40 to 61 dropped by nearly 12% and median income for households headed by people under 40 dropped by 12.4%. This data contradicts the general belief that older Americans were the ones hardest hit by the recession. Instead it indicates that plan sponsors should be concerned for the retirement health of the young and the middle aged.
Does your plan offer retirement solutions or education specific to the young and to the middle aged?