Friday, May 29, 2015

Many Americans have no retirement savings: Fed survey

Many Americans are not financially prepared for retirement, with almost a third of working adults without savings or a pension, according to a Federal Reserve survey published on Wednesday.

The Fed's 2014 Survey of Household Economics and Decisionmaking found that about 38 percent of the more than 5,800 respondents have either no intention to retire or plan to keep working for as long as possible.


Damian Sylvia
Retirement Income Solutions

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