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Nearly one-third of Americans have no retirement savings
The Week ^ | 05/27/2015

Posted on 05/28/2015 6:32:55 PM PDT by 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.


(Excerpt) Read more at theweek.com ...


TOPICS: Business/Economy; Society
KEYWORDS: retirement; savings
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1 posted on 05/28/2015 6:32:55 PM PDT by SeekAndFind
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To: SeekAndFind

Probably a third never worked either.


2 posted on 05/28/2015 6:33:42 PM PDT by A CA Guy ( God Bless America, God Bless and keep safe our fighting men and women.a)
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To: SeekAndFind

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.


3 posted on 05/28/2015 6:34:30 PM PDT by TexasFreeper2009 (You can't spell Hillary without using the letters L, I, A, & R)
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To: SeekAndFind

Work until you die.

Or go on disability...


4 posted on 05/28/2015 6:35:55 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: SeekAndFind

Those who work longer will actually live longer.


5 posted on 05/28/2015 6:37:21 PM PDT by MaxMax (Call the local GOP and ask how you can support CRUZ for POTUS, Make them talk!)
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To: SeekAndFind

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


6 posted on 05/28/2015 6:38:34 PM PDT by Envisioning (4.13.15 - That awkward moment in history when 53 million racists became sexists...)
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To: Envisioning

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


7 posted on 05/28/2015 6:39:24 PM PDT by ClearCase_guy (Claire Wolfe should check her watch. It's time.)
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To: TexasFreeper2009

>> 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. :-)


8 posted on 05/28/2015 6:40:19 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: 2banana
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.
9 posted on 05/28/2015 6:41:09 PM PDT by Eric in the Ozarks ("If he were working for the other side, what would he be doing differently ?")
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To: TexasFreeper2009; SeekAndFind

“...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.


10 posted on 05/28/2015 6:41:47 PM PDT by GGpaX4DumpedTea (I am a Tea Party descendant...steeped in the Constitutional Republic given to us by the Founders)
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To: ClearCase_guy

>> 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.


11 posted on 05/28/2015 6:42:11 PM PDT by Nervous Tick (There is no "allah" but satan, and mohammed was his demon-possessed tool.)
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To: MaxMax

You call that “living”?


12 posted on 05/28/2015 6:42:23 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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To: SeekAndFind
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.

13 posted on 05/28/2015 6:43:33 PM PDT by SamAdams76
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To: SeekAndFind

No problem. The producers have wealth to redistribute.


14 posted on 05/28/2015 6:45:38 PM PDT by Old Yeller (Civil rights are for civilized people.)
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To: ClearCase_guy

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


15 posted on 05/28/2015 6:47:12 PM PDT by Envisioning (4.13.15 - That awkward moment in history when 53 million racists became sexists...)
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To: SamAdams76

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.


16 posted on 05/28/2015 6:47:33 PM PDT by Dilbert San Diego
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To: ClearCase_guy
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.
17 posted on 05/28/2015 6:47:53 PM PDT by Old Yeller (Civil rights are for civilized people.)
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To: hal ogen
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.
18 posted on 05/28/2015 6:49:41 PM PDT by MaxMax (Call the local GOP and ask how you can support CRUZ for POTUS, Make them talk!)
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To: MaxMax
Those who work longer will actually live longer.

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

19 posted on 05/28/2015 6:50:27 PM PDT by Senator_Blutarski
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To: MaxMax

To each his own.


20 posted on 05/28/2015 6:52:45 PM PDT by hal ogen (First Amendment or Reeducation Camp?)
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