Most participants are contributing small amounts of money to their 401(k) plans. Data in the Bank of America 2023 Financial Life Benefits Impact Report shows 66% of participants contributed less than.
Most participants are contributing small amounts of money to their 401(k) plans. Data in the Bank of America 2023 Financial Life Benefits Impact Report shows 66% of participants contributed less than.
As many in the generation worry they cannot rely on Social Security or a pension for lifetime income, Gen Xers fear their savings will be insufficient in retirement, according to IRI research.
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