A majority of people are behind the eight ball in saving for retirement, a new TD Ameritrade survey shows.
The brokerage commissioned a poll of 1,058 employed Americans, and 57 percent reported that they hadn't set aside as much as they should have for retirement. There was a silver lining in TD Ameritrade's findings, though: The number of people who said they were a little behind outnumbered those who were very behind.
But, company director of retirement and goal planning Diane Young said, the survey findings were a sign that Americans were struggling to save enough for later in life with a litany of financial pressures in the present. "Saving for retirement clearly remains a pain point for many investors," she noted.
"It's so important to make a plan and stick to it," Young added.
Unfortunately, though, the personal saving rate has been trending down in recent months - and it's unlikely that saving will pick up until the employment situation firms. The rate was 2.7 percent in March, the lowest observed since September 2008.
TD Ameritrade's survey had a margin of error of 3 percentage points.
