Countless Americans look forward to retirement and the flexible lifestyle it tends to offer. Unfortunately, a large number of workers might never get there. In a TD Ameritrade study, 25% of U.S. adults say they don't think they'll ever retire. And they're probably not the only ones. That's because 1 out of every 3 workers have no money set aside for the future, and that includes 30% of folks 55 and over.
But even those who are saving aren't doing a good enough job. Baby boomers aged 56 to 61 have a median savings of $17,000, which won't last very long in retirement. And the fact that many seniors are living longer puts retirement in an even more precarious spot.
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Source: Fool.com