The Sorry State of Most Nest Eggs
Posted 2/26/07
Though most workers say they are saving for retirement–and though a vast majority participate in their employer-sponsored 401(k) plans–most workers have only a small amount saved up. Two thirds of all workers have less than $50,000 saved, according to the Employee Benefit Research Institute.
| Amount Saved* | Share of All Workers |
| Consumer Discretionary | 11.2% |
| Less than $10,000 | 39% |
| $10,000 - $24,999 | 14% |
| $25,000 - $49,999 | 12% |
| $50,000 - $99,999 | 12% |
| $100,000 - $149,999 | 5% |
| $150,000 - $249,999 | 6% |
| $250,000 - $499,999 | 6% |
| $500,000 or more | 6% |
*Represents total savings and investments but does not include the value of primary residence or traditional guaranteed pension plans.
Source: Employee Benefit Research Institute, Mathew Greenwald & Associates
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