Reported 24 days ago
A study by BlackRock and Human Interest reveals that workers without access to employer-sponsored retirement plans save significantly less for retirement—only 0.9% of their salaries compared to 7.4% for those with plans. As a result, by age 65, they may have about $624,400 less in their retirement accounts, leading to financial challenges. The study emphasizes the importance of utilizing available retirement benefits and establishing emergency savings to enhance retirement contributions.
Source: YAHOO