50 % of working-age Us Us Us Us Americans arenвЂ™t confident they have reason to worry, given that the typical American has only $3,000 in savings that they will have enough money to retireвЂ”and. Unsurprisingly, low-income employees are also less likely to want to have cash put aside for your your your your retirement.
The image is also more sobering for seniors and individuals of color.
Individuals of color account fully for 41 % regarding the 55 million individuals without your your your retirement reports. In addition to that, these are generally prone to reside in poverty as both working-age grownups and seniors. Without cash to draw in from their your retirement (African-American and Latino families have actually, on typical, zero in fluid your retirement cost cost cost savings), they truly are a lot more prone to the ills of senior poverty, that could add sets from multiple chronic conditions to mortality that is heightened and meals insecurity.