“A recent study from the career experts Zety says that 40% of respondents fear retirement more than death. And almost nine in 10 responded that their biggest retirement fear is not having enough income. For married couples, planning retirement for two people can be complicated. How much they will need will depend on their financial circumstances. Here’s a breakdown of the average retirement savings for couples by age.
Unfortunately, many Americans aren’t putting enough money away for their future. In fact, 25% of Americans have no retirement savings at all according to a report from PWC. And among those who haven’t saved enough for retirement, EBRI research estimates that households as of January 2020 saved $3.68 trillion less than what they should have in their retirement accounts.”
Source of the above: Yahoo.com
Look to your lifestyle. Look to your spending habits. We are not talking about the poor, but very average middle class Americans who are unable to set spending and saving priorities.