36% Of Americans Don't Have Any Retirement Savings

36% Of Americans Don't Have Any Retirement Savings

According to a recent TIPP Poll, more than a third of Americans are unprepared for retirement.

Raghavan Mayur

More than a third of the population remaining unprepared for retirement could have long term implications for the job sector, and the economy as a whole.  

A TIPP Poll on the topic of retirement conducted in April reveals that

  • 36% don't have any savings earmarked for retirement.
  • 38% plan to work after the age of 65.

The proportion of Americans without retirement savings is 61 percent for households earning less than $30K, and it decreases as income rises.  The demographic groups with the highest proportions of people without retirement savings are: