“Retirement: A Third Have Less Than $1,000 Put Away” – USA Today
By Nancy Hellmich, USA Today
Most people aren’t trying to figure out how much they’ll need in their golden years.
Most people have very little tucked away for retirement, and many aren’t even trying to figure out how much they’ll need later in life, a new national survey reveals.
About 36% of workers have less than $1,000 in savings and investments that could be used for retirement, not counting their primary residence or defined benefits plans such as traditional pensions, and 60% of workers have less than $25,000, according to a telephone survey of 1,000 workers and 501 retirees from the non-profit Employee Benefit Research Institute and Greenwald and Associates.
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