Reported 11 months ago
According to a recent survey, 20% of Americans believe they will never be able to retire, with 70% struggling to afford retirement expenses. A financial website has identified 5 groups of people who may not save enough for retirement, leading to worsening financial situations. These groups include individuals who overspend, are burdened by heavy debts, rely solely on social security, have insufficient savings, and have unrealistic retirement expectations. It's emphasized that there is no 'magic number' applicable to everyone due to varying factors like location, investments, and health conditions affecting retirement needs.
Source: YAHOO