The Average 401(k) Balance for Americans 45 to 54 May Surprise You
If saving for retirement were an easy thing, people would probably do more of it. But it's easy to see why retirement savings can fall by the wayside, especially nowadays.Inflation and elevated interest rates are wreaking havoc on consumers. And with no end in sight, many working Americans today have no choice but to try to conserve funds for near-term expenses, letting their 401(k) contributions slide.Image source: Getty Images.Continue reading
If saving for retirement were an easy thing, people would probably do more of it. But it's easy to see why retirement savings can fall by the wayside, especially nowadays.
Inflation and elevated interest rates are wreaking havoc on consumers. And with no end in sight, many working Americans today have no choice but to try to conserve funds for near-term expenses, letting their 401(k) contributions slide.
Image source: Getty Images.
