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Workers flail as pensions fade out  view story
Wednesday, January 11, 2006
Laura Smitherman and Meredith Cohn - - Baltimore Sun
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As companies continue to drop pensions that have afforded generations of workers a comfortable retirement, a chorus of financial experts warns that workers must learn to save for themselves.
But as with admonitions to exercise more and eat less, many workers aren't heeding the advice. One recent survey revealed that one-fifth of Americans think their best shot at amassing several hundred thousand dollars is to win the lottery. And that's far short of the $1 million that some financial planners say baby boomers will need.
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