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.
Divining for the true value of Gold and Silver
Rowe 2016 Seminar Alumni
It's hard for many of us, especially those of us with a science or engineering background, to talk about spirituality. Let's do it!
Living in the city during peak housing prices