Scott G. Winterton, Deseret News
Retiring is a hope that 28 percent of Americans said they will never be able to afford, according to an article by the Wall Street Journal.
In a study that has covered 23 years, the report indicates this is the highest percent of those who have no confidence in being able to retire. Even for those who are planning on retirement, savings were reported down.
Of the U.S. workers surveyed, 57 percent have less than $25,000 in household savings and investments not including a home.
The problem of low savings is increased as the life expectancy rate grows, the article indicates. Even the amount of workers saving has dropped from 75 percent in 2009 to 66 percent now.
More companies are getting rid of traditional pensions, accoring to the Wall Street Journal. The pensions have become a much smaller component to retirement savings over the past 30 years.
- 15 jobs that are safe from the robot takeover
- 10 things to know about corporate inversions
- 10 jobs you can get right now
- It's about time the government recognize the...
- 6 financial moves to prevent sleepless nights
- 3 ways insurers can still avoid covering the...
- Summit County sees credit card breach after...
- Cantwell targets small business loan gender gap
- 10 things to know about corporate... 27
- 3 ways insurers can still avoid... 12
- California push to avert higher gas... 10
- Mimicking the airlines, hotels get... 9
- Burger King in talks to buy Tim Hortons 8
- It's about time the government... 6
- Cantwell targets small business loan... 3
- Dave Ramsey says: Government unlikely... 3