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MPR News Staff

Retirement: How to start saving

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An elderly couple
Nationally, women outlive men, but many couples's retirement plans don't plan for that.
Philippe Huguen | Getty Images file

The US Government Accountability Office reports that roughly half of American households with a family member 55 and older have no retirement savings. Additionally, a new report says that the number of retirees classified as "poor" or "near poor" is expected to nearly triple in the next 35 years.

MPR News host Kerri Miller spoke with Teresa Ghilarducci and Kelli Grant about what prevents families from saving and what steps they can take to start.

Kelli Grant is a personal Finance and Consumer Spending Reporter for CNBC. Teresa Ghilarducci is a professor of economic policy analysis at the New School for Social Research and author of "How to Retire with Enough Money and How to Know What Enough Is."

Do you have a story about financial insecurity that you want to share? You can tell MPR about your experience here.