older warehouse worker Thosewho have saved nothing can look forward to Social Security benefitsof a little more than $17,000 a year. (Photo:Shutterstock)

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(Bloomberg) –Almost 40% of Americans lack confidence they willever save enough money to retire. That number climbs even higher amongolder Americans, age 54 or more.

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That's despite nearly one in five Americans who said havingenough money saved to be able to retire is their most importantfinancial goal, according to a survey of 1,000 adults conducted byLendEDU in May.

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More Americans said saving for retirement is more important versusthose that indicated paying off credit card debt or building anemergency fund, according to the survey. However, slightly morerespondents said buying their own house or apartment was their mostimportant financial goal.

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On average, monthly benefits from the SocialSecurity Administration for a retired worker are $1,468.39 or onlyabout $17,600 per year.

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READ MORE:

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Gulf in retirement preparedness mirrors gulf inbehaviors

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Race, ethnicity play huge role in retirementpreparedness

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5 retirement preparedness numbers foremployers

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