A new survey shows saving for retirement isn’t a priority for most American adults.
The latest financial wellness survey conducted by First National Bank of Omaha found just 17-percent listed retirement savings as their top financial priority. Just under half of those surveyed said they have less than 15-thousand dollars put away for retirement.
Increasing non-retirement savings was said to be the top priority for 40-percent of Americans while 30-percent said paying off debt. A PriceWaterhouseCoopers report recently found that about one-fourth of American adults don’t have any retirement savings.
In case you didn’t know, the typical rule for retirement savings is that you have 10 times your annual salary saved if you want to retire at age 67.