Archive - July 6, 2021

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Individuals and Industries Need to Work to Increase Retirement Savings

Individuals and Industries Need to Work to Increase Retirement Savings

Earlier this year, Yahoo! Money looked at the results of the Retirement in America report from PwC and found that people in the U.S.seriously lack retirement savings. Twenty-five percent of Americans do not have any retirement savings and those that do are not saving enough. Younger people were the least likely to save for retirement, since 42% of 18-to-29-year-olds do not have any savings. Still, the 13% of people over 60 who do not have retirement savings is a cause of concern for financial experts.

An expert told Yahoo! Money that people who are saving some money for retirement might …

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