25% of non-retired Americans have no retirement savings, Federal Reserve

“Thirty-six percent of non-retired adults think that
their retirement saving is on track, but one-quarter
have no retirement savings or pension whatsoever
.
Among non-retired adults over the age of 60″

“Because retirement saving strategies differ by circumstances and age, survey respondents are asked to assess whether or not they feel that they are on track, however they define that for themselves. Thirty six percent of non-retired adults think their retirement saving is on track, 44 percent say it is not on track, and the rest are not sure“.

“Blacks and Hispanics are more likely than whites to have no retirement savings

Report on the Economic Well-Being of U.S. Households in 2018, May 2019, Federal Reserve

Leave a Reply

%d bloggers like this: