RHINELANDER - A new survey shows 28 percent of Americans haven't really saved anything for retirement. The data also shows Americans shouldn't count on working longer into their lives to fix the issue.
The Employee Benefit Research Institute (EBRI) and Greenwald and Associates conducted the survey. It says 28 percent of working Americans surveyed have fewer than $1,000 in retirement savings. The survey didn't include the value of a home or work pension.
Dave Mannikko, financial planner at Boyd Financial Services in Rhinelander, believes many Americans don't save as much as they could.