According to a recent survey, U.S. adults now believe they will need approximately $1.46 million to retire comfortably, which is a significant increase from the $951,000 estimated in 2020. This rise reflects growing concerns about inflation, healthcare costs, and overall financial security in retirement.
U.S. adults believe they will need $1.46MM to retire comfortably, up 53% from the $951K in 2020
Bidenomics and Bidenflation
What do you think you need for retirement? pic.twitter.com/A96V6xvw81
— Wall Street Silver (@WallStreetSilv) July 19, 2024
Sources:
https://www.fool.com/research/average-retirement-savings/
https://www.nasdaq.com/articles/heres-the-average-americans-retirement-savings-by-age-in-2024
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