Although more investors report recovery in their portfolioscompared to the market lows of three years ago, fewer Americans aresaving for retirement at all, a new study from Edward Jones shows.
According to the survey, 15 percent of Americans have recoveredtheir portfolio losses since the financial downturn (up from 12percent who reported recovery last year). But 25 percent of peoplesay they are not saving for retirement at all, a 9 percentage pointincrease since 2010.
Retirement savings are particularly low for younger Americans,the survey finds; those between the ages of 18 to 34 not saving forretirement increased significantly from 26 percent in 2010 tonearly half (49 percent) in 2011.
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