Americans today are notoriously bad at saving for retirement, which is a problem, and not just for those of us that belong to the group that has no retirement savings. Americans age 65 and up have higher healthcare costs, traditionally, and are living longer than ever.
USA Today is out with a few new retirement statistics that spell out the problem in more detail. One out of every four 65-year olds today will live until at least age 90. And one out of every three Americans today has no retirement savings whatsoever.
This means that as a society we will be working longer, and relying much more heavily on our social security checks to support us as we age. For more, read the full set of stats here.