That doesn’t surprise me. Although nearly 8 in 10 full-time workers have some money for retirement, 28 percent of them report that the total value of household savings and investments is less than $1,000 (not including primary residence and defined benefit plans).
Certainly I’ve had my own share of bag-lady dreams, so this topic really resonated when I researched it for a NerdWallet article called “7 steps to deal with our No. 1 money fear.”
Funding a retirement plan can seem daunting, but it’s not something you can put off. Even if your future is decades away, your new best friend compound interest is here right now.