CHART: 47% of Americans Save Nothing

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CHART: Saudi Arabia Is Now The World's Largest Arms Importer

CHART: 47% of Americans Save Nothing

Behold the above grim chart, which highlights one of the most devastating economic trends facing America.

With nearly half of Americans virtually saving nothing, and with a Federal government that continues to take on more financial responsibilities than it can handle, America’s financial future is looking bleak.

Consider some of the shocking statistics that were included in a new report released by the National Institute on Retirement Security:

  • Nearly 40 million working-age households (45 percent) do not own any retirement account assets, whether in an employer-sponsored 401(k) type plan or an IRA.
  • When all households are included — not just households with retirement accounts — the median retirement account balance is $2,500 for all working-age households and $14,500 for near-retirement households.
  • 62 percent of working households age 55-64 have retirement savings less than one times their annual income, which is far below what they will need to maintain their standard of living in retirement.
  • In summary, the report found that the typical American household was “further behind in retirement readiness in 2013 than in 2010 and 2007.”

    It doesn’t take much of an imagination to see how this lack of savings is going to impact America (and future American taxpayers) in the years ahead.

    What about you? Are you saving enough?

    If you need help getting started, you can learn more about our own effective savings strategy here.

    Until tomorrow,
    Jerry Robinson


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    Real-Time Market Update

    (Courtesy of

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    About the Author

    Jerry Robinson

    Jerry Robinson is the author of Bankruptcy of Our Nation: Your Financial Survival Guide. In 2010, Jerry created with a mission to wake up Americans and share with them the principles of true financial and spiritual liberty. Every Tuesday he hosts the FTMWeekly Radio, a podcast covering economic and geopolitical topics. Jerry has been blessed to be able to lecture around the globe on the topic of economic and geopolitical trends. He holds a degree in Economics from the University of Tulsa and resides with his family in the beautiful Ozark mountains. See more