Yesterday, the Federal Reserve's 2014 Survey of Household Economics and Decision Making found many Americans are not financially prepared for retirement.

• 38% percent have either no intention to retire or plan to keep working for as long as possible.
• 31% of non-retirees have no retirement savings or pension, including nearly a quarter of those older than 45
• 55% of those making less than $40,000 per year plan to keep working as long as possible or never plan to retire
• 53% could cover a hypothetical emergency expense costing $400 without selling something or borrowing money.
• 31% went without some form of medical care in the past year because they could not afford it