Tuesday, August 19, 2014

One in Three Americans Has Yet to Begin Saving for Retirement

According to a report released Monday from Bankrate.com, a consumer financial services company:
  • More than 33% of Americans haven’t started putting away money for retirement.  
    • 70% of Americans between the ages of 18 to 29 have not started saving for retirement. 
    • Similarly, 33% of 30 to 49 year olds and 26% of 50 to 64 year olds haven't begun saving.  
    • One in seven Americans 65 and older have no retirement savings.  

Sources: Bankrate.com and U.S. News.