Workers are realizing it takes years of planning to shape up their nest egg for a comfortable retirement, and they’re counting on their 401(k) to help them reach their goals.
Inflation and market volatility are seen as obstacles to saving for a comfortable retirement, study shows. Job seekers continue to see 401(k) savings accounts as a must-have benefit when considering a new job, as they find that current economic conditions are making it difficult to save for retirement, according to a new Charles Schwab survey.Some 62% of workers listed inflation as an obstacle to saving for a comfortable retirement, up from 45% last year, and 42% said that stock market volatilit
Workers in the United States believe they will need to save around $1.8 million for retirement, as inflation continues to fuel anxieties over savings, according to a survey from Charles Schwab. This estimate is up from last year’s $1.7 million, with 37 percent of respondents stating they think it’s very likely they will reach this number,…