More than a third of Americans lack retirement savings

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Monday, August 18, 2014

TIME: A new survey found that 36% of Americans have not set aside any money for retirement.

The survey, commissioned by Bankrate.com, found that 14% of Americans ages 65 and older are without a nest egg, USA Today reports. For the 50-to-64 age group, the proportion is 26%, while 33% of those aged 30 to 49 have nothing put aside.

Perhaps unsurprisingly, young Americans are the least prepared, with 69% of the 18-to-29 age group having no retirement savings.

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