Twenty-eight percent of workers said they had less than $1,000 in savings and investments (excluding the value of their primary residence or defined benefit plan assets), according to the Employee Benefit Research Institute’s 25th annual Retirement Confidence Survey, released earlier this week.
That figure is down eight percentage points from the 2014 survey, when 36% of those providing a response indicated they had less than $1,000 in retirement savings.
Fourteen percent of workers providing a response said they had more than $250,000 in retirement savings, up from 11% in 2014.
