70% of Americans plan to retire, but 42% lack savings: Study

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70% of Americans plan to retire, but 42% lack savings: Study
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According to the survey, over half of respondents said they do not have a 401K or have or know what an IRA is.

The cost of living continues to rise making it that much harder to save for retirement.

It is the great struggle of becoming an adult--figuring out how to properly prepare for retirement, while also trying to keep up with your monthly bills."Take a look at how much it's cost to rent an apartment right now in New York City," says Dave Lewis, CEO of Operations Inc. "We don't exactly leave that generation with a lot of discretionary income to take out of the paycheck that they get and put away into something like a 401K.

Perhaps the biggest piece of advice: Save as early and as often as you can, and it is never too late to start.that I have read and agree

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