Continue in 2 seconds

Retirement savings, by the numbers

Published
  • January 01 2012, 2:37pm EST

As someone who has reviewed hundreds of retirement-related studies, I admit to being quite jaded with respect to retirement statistics: Various versions of "people are not saving enough", with no one telling me what I do not already know. However, I have to admit these figures - excerpted from pbs.org - caught even me off guard. See if you are as shocked as I was by these five statistics:

1. 30% The percentage of all workers who have $0 in retirement savings. It is a strong measure of the ineffectiveness of the current retirement plan system for retirement plan accumulations. At the other end of the spectrum, million-dollar retirement account balances are a true rarity, comprising less than 1% of all account balances at one leading retirement plan provider.

Register or login for access to this item and much more

All Employee Benefit Adviser content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access

Comments