In a bit of survey data that goes hand-in-hand with my “Who Is Saving?” post from a few weeks ago, the Employee Benefit Research Institute earlier this year released its 2010 version of the Retirement Confidence Survey:
Among its more-distressing findings:
- 27% of workers report having $1,000 or less in savings
- 54% of workers report a total household value of savings and investments (excl. primary home and any defined-benefit plans) to be less than $25,000
There’s a nice summary of the survey findings in the March 2010 EBRI Issue Brief (pdf).