43% of Americans Face Retirement Trouble

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If you’re an American worker, chances are good you haven’t saved enough for retirement. Not by a long shot.

As reported by CNN Money, “The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit Research Institute's annual Retirement Confidence Survey. That excludes the value of primary homes and defined-benefit pension plans.”

That stat is atrocious. Even more shockingly, the percentage of workers who have less than $1,000 saved shot up to 27%, from a still-too-high 20% last year.

To be fair, this survey deals with all American workers—many of these folks are probably nowhere near retirement age anyway, and so they have many decades ahead of them to pad that 401(k) or Roth IRA before giving the boss their final two weeks’ notice.

But seriously. You should be saving and contributing to an emergency fund or you will wind up broke in retirement… and Suze Orman may come to your home and personally tear your head off for being so shortsighted.

Besides a bank account below $10,000, there are plenty of signs that you’re not ready to kick back and play golf in Florida. Here are 10 of them, courtesy of MainStreet.

—For the best rates on loans, bank accounts and credit cards, enter your ZIP code at BankingMyWay.com.

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