It’s no secret that Americans, on the whole, are behind on retirement savings. While it’s one thing to be in your 20s or 30s with no nest egg, by the time you reach your 40s it’s a bad situation.
Though the average American aged 44 to 49 has a little over $81,000 socked away for the future, according to the Economic Policy Institute, there are plenty of 40-somethings with no savings at all. If you’re one of them, here’s how to recover.
1. Don’t panic
Nerve-wracking as it may be to find yourself in your 40s without a dime