Pensions Provide Retirees With Lifetime Income
Article Excerpt: "Many Americans used to be able to rely on employer pensions to cover their retirement expenses, but pensions are increasingly rare as employers utilize less expensive alternatives. According to the Federal Reserve, just 22% of non-retired adults had access to a pension as of 2021, the last year for which data is available. But what is a pension, and why is it so advantageous to have one?..."
Resource: www.forbes.com