2 Lousy Reasons Why Americans Aren't Saving for Retirement: When it comes to retirement savings, countless workers are in pretty bad shape. An estimated 42% of Americans have less than $10,000 set aside for the future, according to data from GoBankingRates. Meanwhile, 22% of Americans aren't contributing to a retirement fund at all, as per a new study from Capital One.
Of course, it's easy to make excuses for ignoring your future, so Capital One asked its survey participants why they weren't saving. Their top answers? Not earning enough money (41%), and counting on Social Security instead (18%).