Over Half of Americans Feel Behind on Retirement Planning and Savings

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Over Half of Americans Feel Behind on Retirement Planning and Savings
Retirement PlanningSavingsCNBC
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A CNBC and SurveyMonkey poll reveals that 53% of Americans feel they are behind on retirement planning and savings. The median balance of retirement accounts is $87,000. Many households have competing financial priorities.

A CNBC and SurveyMonkey poll of 498 Americans found 53% of respondents feel they are behind on retirement planning and savings. Roughly half of households have a retirement account, according to the U.S. Federal Reserve's Survey of Consumer Finance s. Their median balance is about $87,000. Many households, especially lower earners, have financial priorities that may compete with retirement savings.

CNBC's International Your Money Financial Security Survey polled about 500 people each in nine countries. Of the 498 people surveyed in the U.S., more than half (53%) said they're behind schedule in retirement planning and savings. The poll was conducted to understand the current state of retirement planning and savings in the U.S

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Retirement Planning Savings CNBC Surveymonkey Americans Household Financial Priorities

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