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Just a small fraction of low-income Americans — who earn a median yearly salary of $19,000 — reported having some retirement savings to fall back on in 2019.
Roughly half of all Americans over the age of 55 had no retirement savings. Meanwhile, 1-in-4 Americans over the age of 65 were struggling to survive on less than $15,000 a year.
A 2024 survey by AARP found that 20% of Americans ages 50 and over have no retirement savings and more than half (61%) are worried they will not have enough money to support them in retirement.
While just a small fraction of low-income Americans — who earn a median yearly salary of $19,000 — reported having some retirement savings to fall back on in 2019, a whopping 90% of high ...
That percentage is actually lower than what other surveys have found. A study released last year by Prudential found that 59% of 65-year-olds and 52% of 75-year-olds fear they’ll outlive their ...
Meanwhile, 20% of adults over the age of 50 have no retirement savings, and 61% are worried they will not have enough money to support them in retirement, according to a recent study by AARP.
Many Americans are stumbling toward golden years that will be heavily tarnished. A new GOBankingRates survey of more than 1,000 adults found that 28% of people have nothing saved for the future ...
And she's not alone — 27% of Americans aged 59 and up don’t have any retirement savings, ... Using their $25,000 of savings combined with another $10,000 from selling the roadster, ...