Americans just aren't doing well at saving for retirement—a third of them have exactly nothing put away.

That's according to a survey from GoBankingRates, which found that the news gets even worse.

While 33 percent said they had nothing saved, another 23 percent admitted to having less than $10,000 set aside for retirement—an amount that could be wiped out by a single financial emergency, such as unexpected medical expenses—and another 10 percent said they had saved somewhere between $10,000–$49,000.

Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.

  • Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.