Nothing Saved for Retirement (as reported by Nancy Hellmick on www.usatoday.com)

Bankrate.com, a personal finance website, recently surveyed over one thousand adults across a variety of ages and found some disturbing information. Over a third of them, fully 36%, had nothing saved for retirement.

That’s bad enough, but when you break it down into the different age groups, it gets worse. 14% of people 65 and older, in retirement age, have nothing saved. That means they are forced to live off of social security or continue to earn an income well into retirement. And younger generations are in worse shape, with almost 70% of people in their twenties saying they have nothing yet saved for retirement. Luckily, they have some time to get their act together. For the full story, click here.

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