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.
local group for exchanging info and support within The Netherlands
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People interested in investing time and money to create a more resilient set of local economies in Humboldt County, California.
A group based in the greater Albuquerque area to discuss and live in resiliency