Retirement: Americans in Their 30s Struggle to Save Enough for $1.3 Million Goal
New York, NY – Many Americans in their 30s may not be saving enough to comfortably retire in the future, as a recent study revealed. According to Northwestern Mutual’s 2023 Planning and Progress study, the average American believes they will need nearly $1.3 million to retire comfortably, a significant amount that many in their 30s may not have saved up. Recent data from Fidelity Investments shows that the median balance of 401(k) accounts for individuals …