The value of the expected shortfall the working population will have in building an adequate retirement benefit is termed the:

Question

Quizplus · Accepted Answer

The Retirement Savings Gap (RSG) refers to the difference between the retirement savings needed and what the working population has saved up to date for a comfortable retirement. This shortfall in retirement savings can also be termed as the retirement savings deficit or the retirement savings gap. Therefore, option B is the most suitable answer. Option A (Retirement Standard) is not a valid term used for measuring retirement savings shortfall among the working population. Option C (Target Retirement Benefit) is a term used to describe the amount of retirement savings needed by an individual to have a comfortable retirement. Option D is incorrect as one of the options is a valid answer.

The Value of the Expected Shortfall the Working Population Will