People know they need to save for retirement, but a survey by Capital One ShareBuilder found that only 72 percent of Americans are actually doing it.
While 93 percent think they should contribute some portion of their income toward retirement and half believe it should be more than 10 percent, only one-fifth are currently saving 10 percent or higher.
On average, people are saving only 6.4 percent of their annual income for retirement, the survey found.
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