According to a recent report, among those in the top 20 percent of income, 9 of 10 had retirement account savings and accounted for 74 percent of the total wealth in personal retirement accounts. Among the bottom 20 percent, fewer than 1 in 10 had any retirement savings.

Source: Editorial: Good retirement hinges on financial literacy – – Everett and Snohomish County news

Learn more at U. S. Government Accountability Office: Most Households Approaching Retirement Have Low Savings Act Now