Yet the economic recovery has been tepid, leaving out or squeezing many workers. Many of those laid off are in part-time or lower-level positions, or drifting in and out of the labor force. Many depleted their nest eggs to pay living expenses while they were sidelined. Wage growth for most U.S. workers has been meager until recently.All of that has taken a toll. Twenty-seven percent of the 45- to 65-year-olds surveyed have no retirement savings or investments and another 22% have less than $100,000. About 14% have at least $500,000 and 5% have $1 million or more. By contrast, nearly 50% believe they’ll need at least $500,000 to be comfortable and about a quarter say they’ll need at least $1 million.
Source: Older workers feel on track for retirement. Are they?
