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Drivers for starting to save for retirement in the U.S. 2020-2021

Published by Statista Research Department, Dec 6, 2022
According to the results of a survey conducted in the United States 2021, turning a certain age was the main trigger for starting to save for retirement. The survey, conducted among 1,000 working and fully retired Americans, revealed that many respondents started saving for retirement for work-related reasons.

Reasons for starting to save money for retirement in the United States from 2020 to 2021

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Source

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Release date

March 2022

Region

United States

Survey time period

2020 to 2021

Number of respondents

1,000 respondents

Special properties

Workers and fully retired people.

Method of interview

Online survey

Supplementary notes

This question was phrased by the source as follows: "There are many reasons why people start saving for retirement. Which, if any, of the following have prompted you to start saving for retirement?"

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Statistics on " Personal savings in the United States "

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Statistics on Personal savings in the United States

Overview

7

Household savings

6

College savings

4

Retirement savings

6

Saving practices

6

Impact of the economy on savings

5

Further related statistics

17

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