A Bloomberg article cites data from the National Institute on Retirement Security on the gravity of the retirement savings crisis.

The article states, “About 7.2 million Americans who were 65 and older were employed last year, a 67 percent increase from a decade ago, according to government data. Yet 59 percent of households headed by people 65 and older currently have no retirement account assets, according to Federal Reserve data analyzed by the National Institute on Retirement Security.

Read the full story here.