A recent report on how Americans view their retirement savings accounts — IRAs, Roth IRAs, 401(k)s, etc.

  • Americans’ confidence in their ability to retire comfortably is stagnant at historically low levels. Just 14 percent are very confident they will have enough money to live comfortably in retirement (statistically equivalent to the low of 13 percent measured in 2011 and 2009).
  • Employment insecurity looms large: 42 percent identify job uncertainty as the most pressing financial issue facing most Americans today.
  • Just 28 percent of Americans feel confident they will have employment as long as they need it.
  • 62 percent of workers consider their current level of debt a problem.
  • Only 66 percent say they and/or their spouses are saving for retirement, down from 75 percent in 2009.
  • Many workers report they have virtually no savings and investments. In total, 60 percent of workers report that the total value of their household’s savings and investments, excluding the value of their primary home and any defined benefit plans, is less than $25,000.

To the Obama campaign, the low levels of your savings and retirement accounts aren’t worth discussion. But Mitt Romney’s Swiss bank account is!

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Obama 2012: Sure, the other guy’s economic policies might create more prosperity . . . but he’s got a Swiss bank account, and that sounds vaguely sinister enough to not take the risk.

UPDATE: Ha-ha! Romney, that weirdo, with his exotic overseas savings account! Why can’t he be a normal American like President Obama, unsure if his credit card still works and will be accepted!