Most workers who aren’t saving for retirement through their employers aren’t saving at all, the study found

New data suggests the average American worker has under $1,000 saved for retirement.

A report from the National Institute on Retirement Security found that the median savings for all employed adults between the ages of 21 and 64 were approximately $955. The study includes workers with 401(k) and other retirement savings plans, as well as the approximately 56 million workers who do not have access to employer-sponsored retirement plans.

Workers with retirement savings plans have a median balance of approximately $40,000 saved, according to the report. That figure is nowhere near the $1.5 million that Americans say they need to feel comfortable fully retiring.

  • T00l_shed@lemmy.world
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    5 days ago

    Well you see, dr oz has an answer for that. Just start working earlier, and dont retire. No need to save

    • supersquirrel@sopuli.xyz
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      5 days ago

      Life is a Crudite and we are merely sliced vegetables to be browsed over distractedly by the ultrawealthy.