From Yahoo Finance: 2025-06-21 12:01:00

According to TD Bank’s Consumer Index, 88% of Americans prioritize saving for retirement, yet 47% don’t feel ready. The main culprits for feeling unprepared include not setting aside monthly income for retirement, lack of pension access, and Social Security issues.

Over half of Americans (56%) aren’t using a retirement account, missing out on benefits like employer matching contributions. Opening a retirement account can provide tax advantages and accelerated growth for investments, crucial for building a financial safety net for retirement.

An alarming 15% of respondents have no retirement savings at all, highlighting the importance of personal savings in today’s retirement landscape. Time is still an ally for most workers, and automating retirement savings through workplace plans with employer matches can help secure a comfortable retirement.

Read more: 3 Key Reasons Americans Aren’t Ready for Retirement, According to TD Bank