A recent online poll shows that a majority of Americans worry that they will not have sufficient retirement funds and 30% of Americans are not even saving yet. That 30% of non-saving individuals is not as surprising when considering that 46% reported living paycheck to paycheck. However, when asked what they would do if they suddenly came into unexpected cash, only 33% would use it to pad their retirement fund.
See Michael Cohn, 74% of Americans Worried About Retirement Income, Accounting Today, July 11, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
