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ARTICLE

Retirement savings - What to know for every age and budget

Are you ready for retirement? Learn how most Americans save for retirement and how you stack up.
Jun 08, 2024
2 min. read
Infographic on retirement savings, average retirement age, savings by generation, financial hardships, workers' and retirees' concerns, and savings tips.Infographic on retirement savings, average retirement age, savings by generation, financial hardships, workers' and retirees' concerns, and savings tips.

The road to retirement looks different for everyone, but having a clear plan can ease the journey – regardless of your age or income. Discover retirement insights and challenges and how a few simple steps can help.

Key retirement takeaways

  • Many Americans retire earlier than expected due to life events and shifting priorities.

  • Savings levels and financial pressures vary widely by generation. It’s important to tailor savings strategies by age.

  • Debt remains a major roadblock that keeps many people from contributing more toward retirement.

  • Even small savings steps make a difference. Automating contributions and leveraging employer benefits can help build momentum.

Infographic on retirement savings, average retirement age, savings by generation, financial hardships, workers' and retirees' concerns, and savings tips.

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