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Here are some interesting stats about why we must be prepared for our retirement.
46% of Americans have less than $10,000 saved for retirement.
29% of American workers have less than $1000 saved for retirement.
40% of Baby Boomers NOW plan to work "until they drop".
36% of Americans say that they don't contribute anything at all to retirement savings.
46% of all adults say they've extremely or very concerned about having money for a comfortable retirement.
Number of Australians expecting to work until age 70 has doubled since 2006.
The average superannuation shortfall for working Australians today is Minus $79,200
Lump sum needed for a couple to enjoy a comfortable retirement is $510,000 AUD
The old age pension pays 80% less than average Australian wage for a couple and 72% less for a single person.
By age 85, 55.6% of Australians are dependent on old age pension.
* Australian Bureau of Statistics, 2011