Dave Ramsey mentioned yesterday that a significant portion of Americans have no intention to retire. Twenty-seven percent of Americans have less than $1,000 in savings toward retirement! And 43% of Americans have less than $10,000 saved. A typical social security ckeck barely covers rent in a half-decent apartment these days, so that isn't going to go very far.
I'm a pretty cheap person, but I don't think $10,000 will last me very long when I retire, especially when inflation is factored into the equation. You can read a full article on the topic at CNN Money here.
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