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October 17, 2016

48% of young adults have zero saved for retiring

  • They are part of a generation whose future retirements, if they happen at all, will be mostly dependent on their personal savings.
  • By STAN CHOE
    AP Business Writer

    NEW YORK — Young Americans with even just $1 saved for retirement are ahead of the pack.

    Forty-eight percent of all Americans aged 18 to 30 have zero in retirement savings and no access to a traditional pension, according to a GenForward poll by the Black Youth Project at the University of Chicago with the Associated Press-NORC Center for Public Affairs Research.


     
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