"The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit Research Institute's annual Retirement Confidence Survey. That excludes the value of primary homes and defined-benefit pension plans.
Workers who said they had less than $1,000 jumped to 27%, from 20% in 2009."
Tuesday, March 9, 2010
Bifurcation of American Society Continues at Pace; Nearly Half Have Less than $10K for Retirement, :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website:
Posted by Mother of All Carry Trades at 5:21 PM