27% Don't Even Have $1000 for Retirement

Bifurcation of American Society Continues at Pace; Nearly Half Have Less than $10K for Retirement, :: The Market Oracle :: Financial Markets Analysis & Forecasting Free Website:

"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."