From Nasdaq: 2025-05-01 08:45:00

Many Americans are falling behind on retirement savings, risking financial insecurity in their golden years. Fidelity Investments recommends having saved one times your annual salary at age 30, and increasing this amount to ten times your salary by age 67. Unfortunately, Northwestern Mutual’s survey shows that many are far from meeting these goals, with only 22% of Millennials, 26% of Gen Xers, and 28% of Boomers having saved the recommended amounts. However, there is still time to catch up by setting savings goals and automating investments. It’s crucial to take action now to secure a comfortable retirement.



Read more at Nasdaq: How Far Behind Is the Typical American on Retirement Savings?