Retirement Statistics: Half of Americans Not Saving For RetirementMay 10, 2012 1:06 pm
When you are in your 20s even 30s, it is difficult to think about how you will manage your finances when you retire. You are still in explore mode and that has a say, among many things, on how much you put aside for retirement. So how do we digest many facts about the current generation Americans? There are definitely bits and pieces that we can tie together. Like this one: Did you know, this gaming stat – that the average gamer is 37 years old? That particular one came as a surprise to us here at Statspotting. We spotted this today:
” Nearly half of Americans (49%) say they are not contributing to any retirement plan, according to a new survey by LIMRA, an industry-sponsored group. And 56% of Gen Yers, ages 18 to 34, are more likely to not be saving.
That’s forcing many Americans to plan to work beyond age 65. “A number of clients have had to postpone retirement simply because of their health care cost,” says Sheryl Garrett, a financial planner at Garrett Planning Network.”
Statistics Source: USA Today
These are pointers that would have a very high impact on a lot of business decisions. Spending and saving patterns in a lot of ways decide the way the economy turns.