Monday, May 23, 2016

America's Biggest Retirement Regret

According to a survey of more than 1,000 adults from, their biggest regret is not saving for retirement early enough. Nearly one in five Americans put this in the No. 1 spot. What’s more, among those 65 and up, 27 percent said this was the biggest regret, compared with 17 percent of those aged 30 to 49.

According to 2015 data from the Employee Benefit Research Institute, fully 28 percent of workers say they have less than $1,000 saved and 17 percent have between $1,000 and $9,999. Meanwhile, just 14 percent of workers have $250,000 or more saved.

Other financial regrets that Americans have include not having enough saved for emergencies, cited by 13 percent, and taking on too much student loan debt. Just 3 percent said their biggest regret was buying too much house.

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