Nearly One-Third of Americans Don't Have $1,000 for Retirement


That would probably include most bloggers...



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There's bad news in a new retirement survey of 2,004 individuals (1,003 workers and 1,001 retirees) age 25 or older from the Employee Benefit Research Institute and Greenwald & Associates.

The report shows that only 67 percent of American workers or their spouse have saved money for retirement. That's far below the 75 percent figure of 2009, though it's consistent with levels reported since then. Even among workers employed full time, 22 percent haven't saved for retirement

A total of 61 percent of workers say they or their spouse is currently saving for retirement, up from 57 percent in 2013 and 2014, but down from 65 percent in 2009.

A total of 57 percent of the workers say the value of their household savings and investments, excluding their primary home and defined benefit plans, is less than $25,000. And 28 percent report that it's less than $1,000.

Some of the blame apparently lies with us: 69 percent say they are making enough money to save $25 a week more than they are now, up from 62 percent in 2011