What is behind America's retirement crisis?

Bankrate.com-Many critics charge Americans with spending too much today when they should be saving for tomorrow's golden years. But future retirees face even bigger obstacles to building an adequate nest egg, says Chris Browning, assistant professor in the Department of Personal Financial Planning at Texas Tech University in Lubbock.

For years, Americans have been told that they are unprepared financially for their golden years. A slew of media reports suggest that few people will be able to maintain their present standard of living once they retire.
 
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Many critics charge Americans with spending too much today when they should be saving for tomorrow's golden years. But future retirees face even bigger obstacles to building an adequate nest egg, says Chris Browning, assistant professor in the Department of Personal Financial Planning at Texas Tech University in Lubbock.