(STUDYFINDS) — Anxiety over retirement and how to support oneself after calling it a career is impacting many Americans. A recent poll found that one in three adults has less than $5,000 in retirement savings.
The survey of 2,003 Americans aged 18 or older by Northwestern Mutual also showed that about one in five adults have nothing saved for their elder years at all. To get a representative sample, results were weighted to Census targets for education, age and gender, race and ethnicity, region, and household income.
Perhaps most alarmingly, 33 percent of Baby Boomers, the generation closest to retirement, have between zero and $25,000 saved.