No Retirement Nest Egg? You’re Not Alone

This is not a nation of savers. That’s the big takeaway from a recent Moneywise report. It detailed the results of Federal Reserve research that found one in four Americans have nothing saved for retirement. Even those that do try to save, aren’t saving enough.

A Vanguard study found that the median retirement savings for people between 55 and 64 years of age is about $90,000. This is why we must do everything in our power to save Social Security!

The Seniors Trust is diligently working to improve the financial well-being of America’s retirees through passage of The Social Security Expansion Act. It will give retirees an immediate benefits increase of about $200 a month, establish a fair annual cost-of-living adjustment (COLA), increase minimum benefits, and ensure the long-term solvency of the Social Security program.