Thursday, June 23, 2005

Statistics on Retirement Savings Big Concern

Here are some recent statistics on retirement preparation from the National Retirement Planning Coalition:

  • 64% of full-time workers are behind on their retirement savings programs.
  • 50% of Americans plan to live 16-30 years in retirement -- yet 34% plan to retire between 50 and 64.
  • 95% have some financial fears related to retirement.
  • Only 15% feel they have made progress in planning and saving for retirement over the past 5 years.
  • The typical American household has savings of only about $18,000, and expects pensions and social security to provide for their retirements.
  • 70% of Americans are focused on short-term finances, not retirement finances.
For full details, click here.

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