Savings & Retirement
Many Older Americans Haven’t Saved Anything for Retirement
A new survey finds 27% of people aged 59 and older have no money set aside for their later years.
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More than a quarter of Americans have no money saved for retirement.
That’s according to a new survey from personal finance site Credit Karma, which found older respondents are even less prepared by some measures than their younger counterparts. Nearly one in five people aged 59 and older said they didn’t have a retirement account and 27% of respondents said they haven’t set anything aside for their later years. That compared to a quarter of Gen X respondents.