JustCurious
Thinks s/he gets paid by the post
- Joined
- Sep 20, 2006
- Messages
- 1,396
I know this is not a surprise for most on this board, but I thought it was an interesting statistic and it serves as a reminder of just how different we are compared to many.
Millions of workers today are banking on Social Security to pay their bills in retirement. But while those benefits will provide a nice chunk of income, they won't be enough to sustain future retirees by themselves. So, working adults today must take saving matters into their own hands by socking away funds in whatever retirement plan they have available, whether it's an employer-sponsored 401(k) or an IRA.
The problem, however, is that 42% of adults aren't saving for retirement at all, according to a new report by the Center for Financial Services Innovation. And if they don't change their ways, they're apt to struggle financially later in life.
https://finance.yahoo.com/news/won-apos-t-believe-many-124300883.html
Millions of workers today are banking on Social Security to pay their bills in retirement. But while those benefits will provide a nice chunk of income, they won't be enough to sustain future retirees by themselves. So, working adults today must take saving matters into their own hands by socking away funds in whatever retirement plan they have available, whether it's an employer-sponsored 401(k) or an IRA.
The problem, however, is that 42% of adults aren't saving for retirement at all, according to a new report by the Center for Financial Services Innovation. And if they don't change their ways, they're apt to struggle financially later in life.
https://finance.yahoo.com/news/won-apos-t-believe-many-124300883.html