The Employee Benefit Research Institute published some alarming statistics from their most recent survey:
- 43% of American workers surveyed are not saving (or their spouse is not saving) for their future retirement
- In total, 57% report that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000.
The following chart shows the trend that is the logical next step on the realization of when workers will be able to retire.
Save more… spend less!