Vanguard Report: Retirement Savings Gap

Vanguards new report reveals a concerning trend: less than half of Americans saving for retirement are on track to maintain their current lifestyle. Older Gen Z workers are best prepared, but the percentage drops for older generations. Access to defined contribution plans like 401(k)s significantly boosts retirement savings goals. Working two more years or considering catch-up contributions could help those nearing retirement. The report emphasizes the importance of proactive planning and consistent saving for a comfortable post-work life.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.