Americans are woefully behind when it comes to savings. New research from PurePoint Financial, a division of MUFG Union Bank, found that 56 percent of millennials don't have any money saved in a retirement account.
The numbers were only a little less bleak for older generations: 39 percent of both Baby Boomers and Gen-Xers have nothing put away for their golden years.
When asked to describe their saving habits, only 20 percent of respondents say that they put a large percentage of their income into savings regularly, according to the survey. Non-committed savers made up 40 percent of respondents, who say they either don't worry about saving at all or save on occasion, without a strict budget.
This could be because few Americans prioritize saving money over other goals.
If you want the security and benefit that comes from making saving a priority, here are six tips to help you get started.