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36% have saved less than $1K for retirement

36% have saved less than $1K for retirement
Posted Tuesday, March 18th 2014 @ 9am  by Matt Cantor, Newser Staff

(NEWSER) – A new survey offers a look at Americans' retirement savings, and two somewhat conflicting points stand out: Some 36% of us have less than $1,000 saved for our golden years, yet a higher proportion are feeling very confident they can retire in comfort. That $1,000 doesn't factor in respondents' primary residences or any set benefit plans (like pensions), USA Today notes. But "what's really striking is that 73% of those without a retirement plan, such as an IRA, 401(k) or 403(b), have less than $1,000 in savings and investments," says the survey's co-author.

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