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50% of Americans are not contributing to 401(k), IRAs

Published
  • May 15 2012, 11:29am EDT

Half of Americans say they aren’t contributing to a retirement plan, but more specifically 56% of Americans ages 18-34 are more likely to be among those not saving, according to a recent LIMRA survey.  

“The findings from this survey were disturbing,” says Matthew Drinkwater, associate managing director, LIMRA Retirement Research. “Given that people will increasingly need to rely on their personal savings to make ends meet in retirement.”

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