Search
 

Fewer than half of Americans saving enough for retirement

Only 49 percent of the non-retired say they are saving enough in retirement to achieve a desirable standard of living.

By Warren S. Hersch | Updated on February 27, 2013
<a href="http://www.freedigitalphotos.net">Photo credit: FreeDigitalPhotos.net</a>

While nearly two-thirds Americans report having enough money saved to pay for emergency expenses, fewer than half of non-retirees are saving an amount sufficient to have a desirable standard of living in retirement, according to a new report.

American Savings Education Council, an organization managed by the Employee Benefit Research Institute, Washington, D.C., and America Saves, managed by the Consumer Federation of America, Washington, D.C., disclose this finding in a sixth annual national survey assessing household savings. The joint report was released as part of the America Saves Week, an annual event sponsored by government, business and non-profit organizations to promote good savings behavior.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.