Savings for retirement.
Americans are less confident about their retirement prospects this year than they were last year. Two-thirds of Americans in their planning years say they are confident about their retirement prospects, but that represents a seven-percentage-point decrease year over year, according to Fidelity Investments’ annual state of retirement planning study.
This trend comes during a year in which more Americans are expected to reach retirement age than ever before. At the same time, Americans are dealing with financial challenges related to inflation and the rising cost of living.
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