30% of Retirees Have No Savings -- Here's Why That's a Problem
Some people aim to retire with $1 million or more, only to wind up falling short. But while it's one thing to not meet your personal retirement savings goal, it's another thing to kick off your senior years with no nest egg whatsoever. And that's precisely the situation an estimated 30% of today's retirees are in.
According to a recent survey by Clever Real Estate, retirees today have an average of $191,659 in savings. But 30% have no savings at all.
To be fair, Clever surveyed 1,000 current retirees to arrive at its data. That's a very small sample set in the grand scheme of American retirees.
Source Fool.com
