Credit: Vitalii Vodolazskyi/Adobe Stock
If employers and benefits advisors at times feel as if they are speaking a foreign language to workers, they may not be wrong. Nearly one-third of working Americans find knowing how much to save for retirement almost as confusing as teen slang, a new study from Voya Financial found.
Many Americans believe the economy (61%) and inflation (60%) will have a severe or major impact on their ability to save for retirement. Nearly half “strongly agree” or “agree” that their retirement plan savings are the only significant emergency savings they have, an increase from 43% in January 2023.
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Alan Goforth
Alan Goforth is a freelance writer in suburban Kansas City. In addition to freelancing for several publications, he has written a dozen books about sports and other topics.
