Nearly a third of savers have less than $1,000 for retirement
Most Americans know they should be saving more, but few of them are actually making plans to do it.
Twenty-eight percent of workers have less than $1,000 in savings that could be applied toward their retirement, according to a new Employee Benefit Research Institute (EBRI) and Greenwald and Associates survey. And of the pool of respondents—1,003 workers and 1,001 retirees interviewed by phone—57 percent say they have less than $25,000 in retirement savings.
That may help explain why nearly six in 10 Americans (58 percent) believe their financial planning needs improvements and 21 percent are "not at all confident" they'll be able to reach their financial goals, according to separate data released this week from Northwestern Mutual's 2015 Planning & Progress Study.
While a majority have taken steps to address that, 34 percent said they have taken no action at all.
http://www.cnbc.com/id/102606784
Hey let's cut Social Security!
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How can anyone afford that? At least $2000 plus deposit to move into a crummy apartment in a bad part of town 
Even here in Tokyo, you can get a better deal than that. And probably live close to excellent public transportation, too.
