30 percent of Americans expect to work into their 80s

October 23, 2012 6:05:11 PM PDT
Millions of middle class Americans say they expect to be working into their old age because they won't be able to save enough to retire.

Nearly 30 percent of the people surveyed by Wells Fargo say they'll have to work into their 80s, up from 25 percent a year ago. 70 percent say they expect to have to work part-time when they retire.

The average amount of money the people polled have saved is just $25,000.

The results are based on a Wells Fargo survey of 1,000 Americans earning less than $100,000 a year.