New Survey Says You Probably Aren't Saving Enough for Retirement
Most non-retired Americans are underfunded for their senior years, according to a new survey from real estate research company Anytime Estimate.
The study surveyed 1,002 non-retired Americans in May to gauge their retirement savings progress. The responses paint a disturbing conclusion. Most people are heading toward a major lifestyle downgrade in retirement. Four telling statistics include:
Fifty thousand dollars or $112,000 in savings isn't enough to pay the bills for 30 years of retirement. Even $400,000 is probably insufficient. But how short are these savers of living comfortably in retirement? The answer depends on their income. Let's walk through some numbers you can apply to your own finances.
Source Fool.com
