Home World News How much do Americans think they need to save to retire comfortably? About US$1.5 million

How much do Americans think they need to save to retire comfortably? About US$1.5 million

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How much do Americans think they need to save to retire comfortably? About US$1.5 million

be able toretireHow much money do you need to save to live comfortably? Recent polls show that the average American thinks it is worth about $1.5 million.

A survey by Northwestern Mutual found the above results, but the problem is that Americans actually save an average of $88,400 for retirement, a gap of nearly 17 times between expectations and reality.

The gap is 16% larger than last year, as the number of people over the age of 65 in the U.S. continues to grow and Americans pay into Social Security to live longer, as wellwelfareIt may shrink, and financial tests will become more severe after retirement.

Among them, Generation Z and Millennials set the highest threshold for a comfortable retirement, assuming they need more than $1.6 million, followed by Generation X. “Baby Boomers” who are closest to retirement have a minimum limit of $990,000.

Life(tagstotranslate)Retirement