Americans are facing a retirement savings crisis. Saving is a struggle for many amidst higher living costs, student loans and inflation. Pensions are few and far between. And more Americans are retiring than ever before, with 11,200+ Americans turning 65 every day from 2024 through 2027.
And while Americans say they need to save at least $1.46 million to retire comfortably, they’ve only saved an average of $88,400. That’s a $1.37 million gap in savings that requires more than skipping morning coffees to close.
