Retire on $25,000
That was a misleading title. Obviously, you can;t retire on $25,000. But a current survey shows that more than half of all workers have less than even $25,000 saved for retirement. Yikes.
You may think it's just the younger workers (24-34) who have so little saved. Surprisingly, half of workers age 35 to 44 and a third of workers age 45 to 55 and over also say they have less than 25k. Double yikes.
Here is the biggest yikes. I am one of them. Experts say women should have 14 times their income just before retirement. I can hardly force myself to ponder that number.
You may think it's just the younger workers (24-34) who have so little saved. Surprisingly, half of workers age 35 to 44 and a third of workers age 45 to 55 and over also say they have less than 25k. Double yikes.
Here is the biggest yikes. I am one of them. Experts say women should have 14 times their income just before retirement. I can hardly force myself to ponder that number.
