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1 in 4 US Workers Have Less Than $1,000 in Retirement Savings

Wednesday, March 22, 2017 0:00
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schiffgold.com / BY SCHIFFGOLD / MARCH 21, 2017

The annual Retirement Confidence Survey (RCS) was released recently and shows 1 in 4 workers surveyed have less than $1,000 saved for their retirement. The RCS, published by the Employee Benefit Research Institute, measures statistics taken from 1,000 individuals aged 25 and over about their retirement confidence, planning strategies, and savings amounts. The survey’s results show a disconnect between US worker confidence in their ability to retire comfortably and their actual preparedness.

Worker Confidence

When asked if they would “have enough money to live comfortably throughout their retirement years,” 69% said they were “not too” or “not at all stressed”, while 31% said they were “very” or “somewhat stressed.”

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The post 1 in 4 US Workers Have Less Than $1,000 in Retirement Savings appeared first on Silver For The People.



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