Is retirement saving reaching a crisis? Doomsayers would have you believe so. So let’s look at the facts closely and thoroughly. We are not facing a retirement crisis right now. The recent study claims that “painting an image of a catastrophe is false and leads to unwarranted government action.” According to the survey, less than 6 percent of Americans had earnings below the financial hardship line five years before retirement. However, that rate had fallen to 3.6 percent by the fifth year following retirement—a one-third drop. The three-legged retirement system of Social Security, public and private pension systems, and individual savings, according to the research, is substantially responsible for poverty reduction. Retirement and You These institutions work together to ensure that Americans, particularly low-income Americans, may maintain or even enhance their level of life in retirement. To back up its claim that pensioners are doing well. The recent study claims …