A third of people (36 percent) in the U.S. have nothing saved for retirement, a new survey shows.
In fact, 14 percent of people ages 65 and older have no retirement savings; 26 percent of those 50 to 64; 33 percent, 30 to 49, according to the survey conducted forBankrate.com, a personal finance website.
Other recent research confirms that many people aren’t saving enough for their golden years. About 36 percent 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 percent of workers have less than $25,000, according to a survey of 1,000 workers from the non-profit Employee Benefit Research Institute and Greenwald & Associates.
Source: USA Today