During a town hall meeting on Dec. 12, Bernie Sanders said: 50 percent of workers ages 55 to 64 have “zero” money “in the bank as they enter retirement.”
Our rating
Sanders said 50 percent of workers ages 55 to 64 have “zero” money “in the bank as they enter retirement.”
His claim is somewhat high, but doesn’t give a misleading impression. A widely respected government report says 41 percent of Americans 55 to 64 have no savings in common retirement accounts such as an IRA or a 401(k).
It’s also worth noting that some in that group have other savings not in retirement accounts, though for many of them it’s less than $1,000.
For a statement that is partially accurate but leaves out important details, our rating is Half True.
To read the full fact check, go to politifact.com.