A recent report states that 27 percent of Americans hve less than $1,000 in savings. 54 percent stated that they have less than $25,000 in savings, when not counting their home or pensions. BillShrink has posted an infographic taking a look at the looming retirement disaster in the United States.
Many Americans in real trouble when it is time to retire because they have insufficient savings to carry them through old age. Even those that have retirement accounts at work could be in for a rude awakening when they reach retirement age because billions of dollars in retirement funds that companies owe to workers has not been put aside for them. With the troubled state of the economy, this spells retirement disaster for millions of people.
via The Retirement Disaster in America.
Update 4/9/2010: Added a Full-Resolution graphic after the break.
