Retirement Savings for Americans Act Gains Big-Name Endorsements Amidst Concerns Over Increasing Target Savings
Denver, Colorado – The dream of retiring comfortably is becoming increasingly unattainable for many Americans, as the perceived amount needed for a comfortable retirement continues to rise. According to a recent survey by Charles Schwab, the latest target amount for retirement savings is $1.8 million, up from $1.7 million the previous year. However, only 37% of workers believe it is very likely they will reach this goal. The survey highlights the growing pressure on individual …