Everywhere you turn, and even across political parties, the sentiment about retirement in America seems to share a rather uniform view: it’s bleak. According to a study published in 2017 by the National Institute of Retirement Security, 88% of Americans say that the nation faces a retirement crisis. When you get more specific, the statistics get even scarier: 21% of all Americans have $0 saved for retirement, and, if you’re looking at the millennial sector of Americans aged 21-32, that number climbs up to 66%. Above all else, there seems to be a general sense of confusion: 81% of Americans have no idea how much money they’ll need for retirement.
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