Article confirming a general failure to save for retirement:
Workers who said they had less than $1,000 jumped to 27%, from 20% in 2009.
In general, financial planners say that retirement savings, including Social Security benefits and pension, should be large enough to provide about 80% of pre-retirement income.
To reach that target, "most Americans need to be saving within the healthy range of 6% - 10% (of their salary)," said Beth McHugh, vice president of workplace investing for Fidelity Investments.
But the survey found that 54% of the workers with some form of savings said that they have less than $25,000 stowed away.
The EBRI surveyed 1,153 U.S. workers and retirees, age 25 and older, in January.
Stories and Predictions of the Future. The more detailed, the better.
Calvert and St. Marys County
For Texans living in/around Colorado County (Columbus, Weimar, Eagle Lake, etc.)
Folks in the Southeast South Carolina area helping each other prepare for whatever might happen
A united safe haven for harmony and fulfillment in life.