31% of Americans have No Retirement Savings at All from Money.CNN.com

August 18, 2014  |   Blog   |     |   Comments Off on 31% of Americans have No Retirement Savings at All from Money.CNN.com

It’s no secret that many Americans aren’t saving enough for retirement, but a big chunk of households have saved nothing at all.

 

Nearly a third, or 31% of U.S. adults said they had no savings or pension to help them afford retirement, according to the Federal Reserve Board.

Even more alarming: 19% of those very close to retirement age, between the ages of 55 and 64, said they had no savings.

As a result, more than half of these respondents said they planned to either work full-time or part-time during their retirement years.

Read More: http://money.cnn.com/2014/08/08/retirement/retirement-savings/index.html