One-third of Americans have less than $5,000 set aside in retirement savings

It's an alarmingly small number.

We're told of the importance of saving for retirement, especially given the way healthcare and other senior living costs continue to rise. But apparently, a large number of workers aren't listening. In fact, one-third of Americans have less than $5,000 set aside for the future, according to new data from Northwestern Mutual. Incidentally, 21% of Americans have no retirement savings at all.

It's one thing to have less than $5,000 in your nest egg when you're only in your 20s or even 30s. But if you've been in the workforce for quite some time, that $5,000 doesn't paint a great picture. And if you don't take steps to ramp up, you'll be sorry for it later on.

Maurie Backman | The Motley Fool

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