You May Be Surprised by the Amount of 401(k) Savings Americans Have in Their Retirement Accounts
There's a reason 80% of older Americans are either struggling financially now or risk struggling financially in the future, per the National Council on Aging. Many seniors enter retirement with inadequate savings, which often results in years of financial stress.It's easy to see why so many people struggle to save enough for retirement. Ongoing expenses, child care costs, and financial emergencies can get in the way of building a nest egg.Image source: Getty Images.Continue reading
There's a reason 80% of older Americans are either struggling financially now or risk struggling financially in the future, per the National Council on Aging. Many seniors enter retirement with inadequate savings, which often results in years of financial stress.
It's easy to see why so many people struggle to save enough for retirement. Ongoing expenses, child care costs, and financial emergencies can get in the way of building a nest egg.
Image source: Getty Images.
