29% Of U.S. Workers Have No Pension Or Retirement Savings Plan

2019-03-27T15:38:16-07:00March 27th, 2019|Categories: Retirement|Tags: |

Twenty-nine percent of U.S workers between 55 and 64 years old have no retirement savings or pension plan, according to a report by the U.S Government Accountabilty Office. The report also found that 48 percent of pre-retirees have no IRA or 401(k) savings plans, while 20 percent have only a defined-benefit pension plan. The report represented a slight improvement in U.S. workers' retirement readiness from a similar study done in 2015, when 52 percent were reported to have had [...]