Retirement for Future Workers
Surveys and studies have shown that American workers have been historically poor at saving towards retirement. This can be for a multitude of reasons from not being adequately educated on the subject to simply not being able to afford to set money aside. The most current surveys hold a heavy influence from Millennials, showing that the overwhelming majority recognize the importance of a retirement savings account and a willingness to participate if they could or had the option. 60% of those surveyed (Baby Boomers, Gen X, and Millennials) know roughly how much they will need in retirement and have been educated on the importance, but have trouble reaching that goal by themselves. There are many different ways for employees to receive help from financial advice and education to employer programs. For more information read this article from Business Wire.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.