Most Americans Retire Too Early Despite Low Savings
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.
Halbert, Gary, "Most Americans Retire Too Early Despite Low Savings" (2017). In the News. 1880.