“Half of Older Americans Have Nothing in Retirement Savings”

“…almost half of Americans approaching retirement have nothing saved in a 401(k) or other individual account. The good news is that the new estimate, from the U.S. Government Accountability Office, is slightly better than a few years earlier.

Of those 55 and older, 48 percent had nothing put away in a 401(k)-style defined contribution plan or an individual retirement account, according to a GAO estimate for 2016 that was released Tuesday. That’s an improvement from the 52 percent without retirement money in 2013.”

https://finance.yahoo.com/news/almost-half-older-americans-zero-210656147.html

This is not a good look but at least the situation is improving.