Only 63 percent of Americans have saved any money for retirement within the past year, according to a Federal Reserve survey released Wednesday.

The survey of 5,800 Americans, conducted last fall, found that 31 percent of Americans have no retirement savings or pension plans. And among adults older than 45, almost 25 percent of respondents didn’t have retirement savings. Thirty-eight percent of respondents, meanwhile, said they don’t plan on retiring and will “keep working as long as possible,” USA Today reports.

The results weren’t all bad, though: 29 percent of respondents surveyed last year expected their income would be higher in 2015, an increase from 21 percent in 2013. And 65 percent of adults surveyed said their families are “living comfortably” or “doing okay,” compared with 62 percent in 2013.