The fact is that a majority of Americans don’t have a regular savings account, and an even bigger majority don’t have a retirement savings account.

Living on a budget can be tough, especially if you’ve had to make cuts to your spending in the past to make sure you’re living within your means. But even if you’re living well within your means, and you’re still not saving for retirement, all that budgeting can be for naught.

Here are the stats:

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