In the News

Title

Most Americans Retire Too Early Despite Low Savings

Document Type

Article

Publication Date

1-4-2017

Abstract

We all know that there is a savings crisis in America. According to the National Institute on Retirement Security (NIRS), the median savings balance of near-retirement households is only around $12,000, while the median saving balance for all working-age households is only around $3,000.

NIRS states that some 45%, or 38 million working-age households, have no retirement savings.