Dave Ramsey, a financial expert, reveals that 42% of Americans aren’t saving for the future. Only 54.4% of families have retirement accounts. Ramsey’s study shows that only 1 in 10 Americans save 15% or more of their income for retirement, leaving many with inadequate savings prospects.

Retired Americans heavily rely on Social Security, which only provides an average monthly benefit of $2,008, far below the amount needed for a comfortable retirement. Concerns about the future of Social Security are rising, with 59% of non-retired Americans worried it won’t be available when they retire.

To secure a comfortable retirement, Ramsey suggests saving at least 15% of your gross income and utilizing tax-advantaged accounts like 401(k)s and Roth IRAs. Many Americans neglect these accounts, with the average balance falling short of the estimated $1.26 million needed for a comfortable retirement.

For those looking to enhance their retirement savings, additional sources of income like rental properties can provide a boost. Platforms like Mogul and Arrived allow investors to earn rental income without the hassle of property management, providing a way to diversify income streams and secure a better financial future.

Read more at Yahoo Finance: Almost 50% of Americans are making 1 massive Social Security blunder. How to fix it in 2026