More than 1/3 of Americans have saved nothing for retirement

Many Americans have no retirement savings

A new Bankrate.com survey has determined that 36% of Americans have saved exactly nothing for retirement. Nada. Zero. Although the coverage I’ve seen so far suggests that the issue is most serious in the case of Millenials, I disagree. If you’re in your twenties, you have time to recover, even if you’ve saved nothing. The scariest part of this is that 26% of individuals aged 50-64 haven’t saved anything.