A recent study by the Boston College Center for Retirement Research found that 50% of American workers are not on track to save enough to retire without reducing their standard of living. A National Institute on Retirement Security study on the retirement preparedness of American workers showed that:
- 1/3 of Americans between the ages of 55 and 64 haven’t saved anything for retirement.
- 38 million working-age households in the United States have yet to start saving for retirement.
- The average retirement savings for people 10 years away from retirement is $12,000.
