by Pater Tenebrarum, Acting-Man.com:
It is widely known that Americans on average have saved very little, and in many cases actually nothing, for their retirement. Here are a few examples of studies looking at retirement savings: one recent study found that 50% of US citizens have saved precisely zero for their retirement. We quote:
“The youngest and the poorest are the least likely to be putting money aside. Fifty-six percent of all 18- to 34-year-olds are not saving at all for retirement, according to the study. In addition, just 23 percent of Americans earning less than $50,000 per year contributed at least $2,500 to their retirement accounts over the past year.
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