Majority of Workers Have Less Than $25,000 in Savings, EBRI Says
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About 60 percent of U.S. workers said they have less than $25,000 in savings and investments, according to an Employee Benefit Research Institute survey.
Workers’ confidence in their ability to retire remains historically low, with about 14 percent saying they were very certain they’d have enough to live on comfortably, according to the report released today by EBRI, a Washington-based nonprofit that studies employee benefits. That compares with a high of 27 percent in 2007.