What percent of Americans under 65 years old have $0 saved for retirement?

Q:

Banking

QUESTION OF THE DAY

ngpf.org 12/6/21

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A:

QUESTION OF THE DAY

Banking

26%

Source: Federal Reserve

FOLLOW-UP QUESTIONS

1. What income can seniors receive in retirement if they have no savings?
2. What is one huge disadvantage for those who start saving/investing for retirement later in their life?
3. Why is starting to invest for retirement as early as possible beneficial?
4. Will this information influence how you think about saving/investing for retirement?