According to the 2025 US Retirement Survey, a significant percentage of retirees are struggling financially, with only 5% stating they are living comfortably. Many Americans do not save enough for retirement, with only 40% believing they have sufficient savings. Financial challenges evolve over the decades, impacting saving ability. Young adults face student loans and housing costs, while those in their 40s and 50s deal with college tuition and mortgage payments. Early saving is crucial for long-term financial stability, especially for those relying on 401k plans in retirement.
According to Schroders' 2025 US Retirement Survey, 19% of retirees are 'struggling' or 'living the nightmare' while just 5% said they were 'living the dream'.
Less than half of all retired Americans (40%) believe they saved enough for retirement, and 45% say their expenses are higher than anticipated.
The sooner you prioritize saving for retirement, the more likely you'll have enough saved to manage your expenses after leaving the workforce.
In your 20s and 30s, you're likely faced with a host of competing financial priorities that include student loan debt, car payments, and saving for a house.
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