53% of us have less than $25,000 for retirement. 23 News financial expert Scott Laue says the average account balance at the end of 2009 was $50,000. With the average retiree spending $3,000 a month, or $36,000 a year during their golden years, at this rate your savings wont go very far. So start now and contribute to your nest egg often.
Laue says local companies are slowly starting to increase their matching contributions after cutting the match last year as our economy heads towards a recovery.