Attention, Higher Earners: Social Security Won't Cut It for You in Retirement

Though it's estimated that nearly half of U.S. households aren't saving for retirement, the country's highest earners are doing a seemingly decent job. As of 2013, the top 1% of U.S. householdshad $1.08 million or more set aside for retirement, according to data from the Economic Policy Institute. And that's a good thing, because it's the wealthy who stand to get hurt the most by counting on Social Security.