Even though 68% of workers are saving for retirement, nearly half, 46%, have less than $10,000 saved for retirement, and 50% are not confident they will have enough money to live comfortably in retirement, a survey by the
In addition, 50% of workers are not sure they will have enough money to pay for medical expenses in retirement, and 47% of older Boomers are “at risk” for inadequate retirement income. Among Generation X, 45% are “at risk” for inadequate retirement income. Further, only 42% of workers have tried to calculate how much money they need to save for a comfortable retirement.
“America is facing a retirement crisis, one that Boomers are realizing today and looms for generations to come,” said