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Senior Poverty

The notion of a retirement crisis is bandied about rather frequently. Behind that crisis are real people who face some very difficult choices. As pointed out by The Atlantic, many people reaching retirement age lack pensions and often have not put enough money into their 401ks or other retirement accounts to live on once they retire. According to the National Institute on Retirement Security, the median savings in a 401k plan for people between the ages of 55 and 64 is presently just $15,000.  

Anirban has more. 

Anirban Basu, Chariman Chief Executive Officer of Sage Policy Group (SPG), is one of the Mid-Atlantic region's leading economic consultants. Prior to founding SPG he was Chairman and CEO of Optimal Solutions Group, a company he co-founded and which continues to operate. Anirban has also served as Director of Applied Economics and Senior Economist for RESI, where he used his extensive knowledge of the Mid-Atlantic region to support numerous clients in their strategic decision-making processes. Clients have included the Maryland Department of Transportation, St. Paul Companies, Baltimore Symphony Orchestra Players Committee and the Martin O'Malley mayoral campaign.