Have You Saved Enough For Retirement?

More than 50% of workers think they haven't saved enough for retirement, according to a new Bankrate survey.

A senior couple looking at financial documents.
(Image credit: Getty Images)

More than half of workers polled in a new retirement confidence survey from Bankrate reported being behind in their savings. More than one-third said that they were significantly behind, as tough economic conditions have weakened their ability to save.

Roughly 56% of workers reported being behind on their retirement savings targets, according to an August survey of more than 2,500 adults conducted by YouGov on behalf of Bankrate. Of those who were behind on their goals, more than 1 out of 3 said that they were significantly behind. On the bright side, the results aren't notably different from a year ago, when 55% of American workers said that they were behind in their savings and 35% said that they were significantly behind. 

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Seychelle Thomas
Contributing Writer

Seychelle is a seasoned financial professional turned personal finance writer. She’s passionate about empowering people to make smart financial decisions by combining 10 years of finance industry experience with solid research and a wealth of knowledge. Seychelle is also a Nav-certified credit and lending expert who has explored money topics such as debt consolidation, budgeting, credit, and lending in her work for publications including GOBankingRates, LendEDU, and Credible.