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Retirement saving issues not just a U.S. problem

Many Europeans are having a tough time saving for anything at all.

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hand holding glowing globe Savings—or the lack thereof—are a big part of the problem — 27 percent of Europeans have no savings; though in Australia, it’s a little better, with just 22 percent being savings-less. (Photo: Shutterstock)

People across the globe are worried about saving enough for retirement, according to a new ING survey, and retirees aren’t happy about their standard of living in retirement.

Those are some of the findings in the ING International Survey Savings 2019, which finds that 61 percent of people in 13 European countries are afraid they’ll run out of money in retirement—and the numbers in the U.S. and Australia are similar.

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Marlene Satter

Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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