Only 10% of American Retirees Achieve $1 Million Retirement Savings

Monday, 3 June 2024, 19:02
Discover the surprising truth behind retirement savings in America. While $1 million has long been seen as the ideal nest egg, only about 10% of retirees actually reach this milestone. The latest data from the Federal Reserve's Survey of Consumer Finances shows that the vast majority, around 90%, fall short of this goal. Explore the implications and realities of retirement planning in the modern age.
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Only 10% of American Retirees Achieve $1 Million Retirement Savings

The Truth About Retirement Savings

For decades, the $1 million retirement savings goal has been considered the gold standard for a secure and comfortable post-work life. However, the reality for most Americans is quite different.

Key Findings:

  • 10% of American retirees have saved $1 million or more
  • 90% fall short of the $1 million milestone

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