« Low gas prices...Time for a road trip! | Main | Retired?...Need Income? »

Please...Don't die broke...

Americans aren't known for being great savers.

In a recent GoBankingRates study, 69% of adults admitted to having less than $1,000 in the bank, while 34% said they actually don't have any savings at all. But apparently, this collective lack of savings doesn't get all that much better with age.

A study by the National Bureau of Economic Research found not so long ago that almost half of Americans die nearly broke. Of the general population, 46% of retirees die with savings of $10,000 or less. But that number climbs to 57% among retirees who are single.

Posted on Friday, June 2 by Registered CommenterWise Owl | Comments Off