Workers with Financial Advisors Put Away More Towards Retirement
American workers with financial advisors put away two times the percentage saved by adults without an advisor finds a study from PenFed Credit Union.
The survey also found that on average, adults direct 7.6% of their salary to their retirement savings.
Households with incomes over $100,000 put nearly two times a higher percentage towards retirement than lower-income households. Workers with automatic savings also put away more towards retirement -- about two times of those without auto-savings, just over 10 percent as compared to nearly 5 percent.
The survey was conducted online among a cross section of 1,000 adults, 18 years of age and older.