Retirement Savings: How Your Contributions Stack Up
Update: 2025-12-17
Description
New data reveals significant disparities in retirement savings contributions based on age and income. Most people lack visibility into their savings progress, often setting contribution rates early and sticking with them. Even small increases, like a one percent annual bump, can significantly improve long-term outcomes. Only a small percentage of people reach the recommended ten percent contribution rate, making it crucial to consider your savings progress relative to your age and income group. Starting with a small, manageable increase and ensuring youre getting your full employer match can greatly impact your retirement readiness.
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