Over a third of all Americans (36%) have not saved any money for retirement, according to a new Bankrate.com survey. Sixty-nine percent of 18-29 year-olds haven’t saved anything, along with 33% of 30-49 year-olds, 26% of 50-64 year-olds and 14% of people 65 and older.
There’s some good news, however: Those who are saving are starting earlier. Twice as many 30-49 year-olds started saving in their 20s as opposed to their 30s. But 50-64 year-olds were only slightly more likely to have started saving in their 20s than their 30s, and Americans 65 and older were almost evenly split between starting in their 20s, 30s and 40s.
- How to Fire an Employee the Legal Way: 6 Termination Guidelines
- St. Paul mayor touts paid leave before State of the Union
- 5th Cir. Court of Appeals rejects DOL interpretation of guest worker minimum-wage requirement
- Indiana experiments with pay for performance
- Lawsuit says Handy cleans up at its contractors' expense