Future may not be so golden for state’s next wave of retirees

The dream of enjoying one’s so-called Golden Years, or advanced years of life, in comfortable retirement may be a fantasy for an increasing number of working Californians.

About half of California private sector employees ages 25 to 64 do not have dedicated retirement assets, according to a new data brief by Nari Rhee, director of the Retirement Security Program at the UC Berkeley Center for Labor Research and Education (Labor Center). The brief provides a first-ever look at retirement assets — and the lack thereof — among private sector employees and working-age families in the state.