Punching in past 65: Older-worker rate highest since 1962
More than a quarter of workers age 55 or older say they have less than $10,000 in savings and investments, according to the latest retirement confidence survey by the Employee Benefit Research Institute.
The unemployment rate for workers age 65 and over was 3.7 percent last month.
Congress this past week voted to overturn a federal rule designed to help states give more workers access to retirement savings plans.
Republicans and players in the investment industry, though, argue that the state-run plans could end up being much more expensive than imagined and would water down safeguards in place to protect investors.