Olde Hornet
Well-Known Member
Americans, behind in the race to build retirement savings, take steps to catch up
Most Americans say they're behind in their retirement savings, but they're willing to take these steps to catch up, a survey shows.
www.usatoday.com
Americans are behind in the race to save enough for retirement, but they’re finally doing something about it, a new survey shows.
Baby boomers are willing to scale back vacations. Generation Xers are poised to downsize homes. And millennials say they’ll hit downtown restaurants and clubs less often.
Sixty-two percent of Americans say they need to catch up and build up their nest eggs, according to a survey of 1,015 adults last month by TD Ameritrade. Thirty-eight percent say they started saving and investing early. The survey, provided exclusively to USA TODAY, was conducted by Harris Poll.
“The majority of people realize they do need to catch up,” says Keith Denerstein, director of investment products and guidance at TD Ameritrade. “They are willing to take the steps necessary.”