Most workers who aren’t saving for retirement through their employers aren’t saving at all, the study found

Most workers who aren’t saving for retirement through their employers aren’t saving at all, the study found

New data suggests the average American worker has under $1,000 saved for retirement.

A report from the National Institute on Retirement Security found that the median savings for all employed adults between the ages of 21 and 64 were approximately $955. The study includes workers with 401(k) and other retirement savings plans, as well as the approximately 56 million workers who do not have access to employer-sponsored retirement plans.

Workers with retirement savings plans have a median balance of approximately $40,000 saved, according to the report. That figure is nowhere near the $1.5 million that Americans say they need to feel comfortable fully retiring.

  • Xerxos@lemmy.ml
    39·
    12 hours ago

    I would say that is intended. Every day I’m more convinced that the US is the Billionaire playground where they can test out how to press the most money out of the population.

    With the big police state and enormous prison capacity ready to counter the eventual revolution.

    Perhaps they are suprised themselves that no one revolts as they suck more and more money out of the population and reveal more and more of the degenerate lifestyle of the elites.

    “They know that we f*ck and kill children and still don’t revolt? What else do we need to do? We already take nearly all their money. Well, let’s destroy the pension funds, perhaps that does the trick…”