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.
A group for Peak Prosperity members who live along the Wasatch Front and even throughout Utah.
A Life Care Plan Eases Financial Woes
A group for people who don't have a permanent place for their roots, expatriots, homeless, unemployed... and for those who would help us
Group for Preppers, Homesteaders, and helpful neighbors in Gallatin County