49% of Middle-Class Workers Will Be Poor or Near Poor in Retirement...

75% of Americans nearing retirement age in 2010 had less than $30,000 in their retirement accounts.

The specter of downward mobility in retirement is a looming reality for both middle- and higher-income workers.


Nearly half of middle-class workers, 49%, will be poor or near poor in retirement, living on a food budget of about $5 a day.  


Our Ridiculous Approach to Retirement - NYTimes.com