A survey from Clever Real Estate finds that even baby boomers who are nearing retirement have only saved about 30% of the recommended amount, and the average boomer is about $320,000 shy of the income level financial advisers like Fidelity recommend, based on their average salary.
Why it matters: Public pension funds are underfunded by trillions of dollars, which is a problem for the states that have guaranteed them, but data shows most Americans have badly underinvested in their own retirement funds as well.