Wednesday, August 20, 2014

36 percent not saving for retirement

From Bankrate:

An alarming number of Americans aren't preparing for the day when they'll need to live off their savings.

More than a third of adults say they have not started saving for retirement yet, according to a national poll accompanying Bankrate's monthly Financial Security Index.

Even Americans who are getting close to retirement age seem to be struggling when it comes to planning their financial future. The survey shows that more than a quarter of the respondents age 50 to 64 have yet to start saving for retirement...

While some people aren't even close to being ready for retirement, others say they have been saving since a young age, Bankrate's survey shows.

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