21% of Americans have no retirement savings at all

From Fox Business:

Reports of Americans feeling underprepared for retirement seem to be an understatement, according to new data.

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A report from Northwestern Mutual has found that one in five Americans (21%) have no retirement savings at all.

What’s more, nearly two thirds of people with a savings account or plan are certain their money will run out sooner than they hope, which would leave them, aside from Social Security, penniless…

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