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25% of Americans Saving $0 for Retirement, Report Says

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Retirement savings for about a quarter of Americans amounts to ... $0.

One out of every four Americans is not saving for retirement at all, either because they are not thinking about it, do not really know how, or worse, do not feel they can afford to, according to a report by Country Financial.

Americans between the ages of 18-29, often called "millennials", are among the worst when it comes to saving for retirement, the firm said. A full 32 percent of them aren't saving at all for their "golden years."

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Many 20-somethings might just be pulling themselves out of the swamps of student debt, or maybe they just think retirement is too far in the future to worry about now.

The latter might not be the best approach, said the report. Almost half of people 40 years or older claim to regret their retirement decisions.

But there may be some deeper problems at work. About 46 percent of those who aren't saving claim they cannot on a middle class income. That number has risen since 2011.

There are also knowledge gaps, though. Fifty-five percent of Americans don't know if they are participating in a 401(k), and of the 45 percent who do, only three in 10 know how their money is being invested.

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