Retirement Divide: Low Savings, High Debt

The Retirement Divide report reveals a troubling trend in American retirement savings, with fewer workers saving and only high earners increasing contributions. The study, based on over one million worker records, shows a dip in participation and stagnant savings for most workers, especially those earning less than $150,000. Older generations and minority workers are also struggling. The report underscores the need for employers and policymakers to support all workers in securing their financial future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.