Nearly half of all workers 25 and older have less than $50,000 saved for retirement (excluding their homes and any pensions).
Interesting. I wonder why pensions were excluded. Isn't the point of a pension for retirement? Not that pensions are totally popular these days. But still, it seems weird that it would be excluded.
Edit: Actually, I noticed from the survey that it also excludes things from "Saving for retirement" like 401k. They number they used to determine "$50k saved for retirement" is things not in retirement plans. So things like 401k's aren't include. Which seems a little unusual for a sure to get a gauge of retirement planning. Folks tucking money into 401k plus other company sponsored ira accounts probably aren't having that much cash on hand in savings account for retirement. Maybe I'm reading something wrong, but it doesn't look that bad.
