Reported 25 days ago
A recent survey reveals that middle-income households in the U.S., earning between $50,000 and $100,000 annually, are increasingly saving for retirement, averaging 8% of their income. With employer matches, this could rise to 12%, approaching the recommended saving target. Despite concerns about a retirement crisis, experts like Jean Chatzky note that current savings trends are positive. Challenges remain, including high expenses and debt, but strategies like utilizing workplace retirement plans and adopting budgeting techniques can help improve savings efforts.
Source: YAHOO