Nearly one-third of Americans have no retirement savings

The Week ^ | 05/27/2015

[SeekAndFind]

Only 63 percent of Americans have saved any money for retirement within the past year, according to a Federal Reserve survey released Wednesday.

The survey of 5,800 Americans, conducted last fall, found that 31 percent of Americans have no retirement savings or pension plans. And among adults older than 45, almost 25 percent of respondents didn't have retirement savings. Thirty-eight percent of respondents, meanwhile, said they don't plan on retiring and will "keep working as long as possible," USA Today reports.

[A CA Guy]

Probably a third never worked either.

[TexasFreeper2009]

I am surprised more than 20% have any honestly. The vast majority of people can barely walk and chew gum at the same time based upon my observations at Walmart.

[2banana]

Work until you die.

Or go on disability...

[MaxMax]

Those who work longer will actually live longer.

[Envisioning]

Social security will get me thru...../s

[ClearCase_guy]

I expect to die in a re-education camp, so I’m not making long-term plans.

[Nervous Tick]

>> The vast majority of people can barely walk and chew gum at the same time based upon my observations at Walmart.

I just wish they’d learn to drive those dxmned moto-carts without assaulting us other innocent walmart life forms. :-)

[Eric in the Ozarks]

A kid who would have been in my high school class dropped out in the 9th grade and went to work as a heavy equipment operator. He stepped off the dozer one day and hurt his back. He's been on disability since the 60s.

[GGpaX4DumpedTea]

“...based upon my observations at Walmart.”

What a profound statement! The vast majority? A WalMart ‘sampling’ surely does NOT constitute a ‘vast majority’.

It seems though you count yourself as one of that ‘vast majority’, you being a WalMart shopper.

You go there for the ‘blue light specials’? Oh, wait, that was K-Mart.

[Nervous Tick]

>> I expect to die in a re-education camp,

Hmmm... my goal is to die while “teaching” wayward libs in a right-wing re-ed camp.

[hal ogen]

You call that “living”?

[SamAdams76]

It's the welfare state mentality. People feel they will always be taken care of by a government check if they fall on hard times, so in the meantime, they spend every penny they make without a care in the world about how they will finance their retirement.

Sadly, those who were responsible and saved for retirement, will have most of that money seized by the government - for redistribution to those who did not save.

[Old Yeller]

No problem. The producers have wealth to redistribute.

[Envisioning]

I expect to die in the process of being taken to said camp.....and I expect many of my abductors to die with me.

[Dilbert San Diego]

I’ve heard talk in recent years, that we could see 401k and IRA accounts as we know them disappear. We could all be compelled to invest such accounts in government bonds as an investment. There are several trillions dollars worth of such savings which politicians may be eyeing to help save Social Security.

[Old Yeller]

I expect to die in a re-education camp, so I’m not making long-term plans.

I expect to die before they drag me into the camp. Hopefully I can take out a few of the enemy First.

[MaxMax]

Actually yes. I plan to work whether I have retirement or not. My own company
and then there's the garden and flock to tend to.

[Senator_Blutarski]

Those who work longer will actually live longer.

That depends on the job. Some of us retired to survive.

[hal ogen]

To each his own.