PEACE BE UNTO ALL THE TRUTHERS,SEEK KNOWLEDGE FROM CRADLE TO GRAVE

''MAKE SURE TO ALWAYS CLICK ''OLDER POSTS''AS FRONT PAGE DOES NOT CONTAIN '' FULL CONTENTS OF DAILY POSTS AND UPDATES''


Thursday, July 22, 2010

Half of Americans Have Less Than $2,000 Saved for Retirement http://cryptogon.com/?p=16561

“One out of three working Americans does not have retirement savings beyond Social Security, and about 35% of those over 65 rely almost totally on Social Security alone,” Dallas Salisbury, president of the Alliance for Investor Education and the Employee Benefit Research Institute (EBRI) , explained to AlterNet. “Of the remaining two-thirds of working Americans that have some retirement savings, 27 percent report less than $1,000, 16 percent between $1,000 and $9,999, 11 percent between $10,000 and $24,999, 12 percent between $25,000-$49,999, and 36 percent $50,000 or more.” Perhaps the most shocking number is that half of Americans have $2,000 or less saved for retirement.

No comments: