Saving for retirement is definitely not the highest priority on the list for 36% of Americans.
That’s how many have zero, zip, nada put away for the time when they’ll leave the workplace for good, according to a survey from Bankrate.com.
While the largest segment of the population in that group of non-savers is, perhaps unsurprisingly, 18- to 29-year-olds (69% of them haven’t yet begun retirement savings), what might be surprising is that those who are saving have started earlier.
Among those 30- to 49-year-olds (33% of whom have saved nothing) who have begun putting money away, twice as many of them actually started while still in their 20s, rather than waiting until they’d entered their 30s.
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Those 50-64 years old (26% of whom have saved nothing) who are saving for retirement were only slightly more likely to have started their retirement savings program in their 20s than in their 30s. And those who will need the money the soonest — those 65 and older (14% of whom, again, have saved nothing at all) were divided almost evenly along the decades during which they began to save: their 20s, 30s and 40s.