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: