Financial security also increases with income and age.
Nearly two-thirds (64%) of respondents say saving money is difficult.
Why dont more workers sock away money for retirement?
About one-third (35%) say the amount is unmanageable, the survey reveals.
Another 22% have not monitored their credit score in the past year.
The study included oversamples of 378 Black/African American and 302 Hispanic/Latino adults.
The data were weighted by age, race/Hispanic ethnicity, education, and gender.
For more information, yo contact Jennifer Sauer atjsauer@aarp.org.
For media inquiries, like contact External Relations atmedia@aarp.org.
Does Saving for Emergencies Improve Productivity at Work?
