Americans Saving Less Money For Retirement
According to a recent report from CNBC, the average American is saving less money for retirement than they did a year ago, with fewer than one in five American workers saving more. In a recent Bankrate.com survey, it was reported that 10% of people haven't put any money into their retirement accounts in the past two years. This is the highest percentage of non-contributing participants since Bankrate began its surveys in 2011.
That being said, the percentage of workers who are saving less for retirement is down from 18% to 14%, while people who are saving more saw a bump from 18% to 19%, from 2012 until now.
In addition, CNBC reports that larger companies are encouraging their employees to save for retirement. They have started to enroll employees in company-sponsored 401(k) plans, while...









