As someone who has reviewed hundreds of retirement-related studies, I admit to being quite jaded with respect to retirement statistics: Various versions of “people are not saving enough”, with no one telling me what I do not already know. However, I have to admit these figures – excerpted from pbs.org – caught even me off guard. See if you are as shocked as I was by these five statistics:
1. 30%
The percentage of all workers who have $0 in retirement savings. It is a strong measure of the ineffectiveness of the current retirement plan system for retirement plan accumulations. At the other end of the spectrum, million-dollar retirement account balances are a true rarity, comprising less than 1% of all account balances at one leading retirement plan provider.
