"The $1.46 Million Retirement Myth: Americans' Struggle to Save"

1 min read
Source: Fox Business
"The $1.46 Million Retirement Myth: Americans' Struggle to Save"
Photo: Fox Business
TL;DR Summary

Americans are expressing concerns about the possibility of achieving a comfortable retirement in today's economy, with rising inflation and the high cost of living impacting their ability to save for the future. Many are finding it necessary to work longer hours and take on additional jobs to cover expenses, while others are draining their retirement savings and taking on debt to maintain their present-day finances. Experts warn of a looming crisis as retirement savings dwindle, with one survey suggesting it would take $1.46 million to comfortably retire.

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