Retirement Readiness in America
According to Vanguard's study, only 42% of Americans can maintain their lifestyle after retirement.
The study highlights both progress and gaps in the nation's retirement readiness, finding that just 42% of U.S. workers are on pace to sustain their lifestyle in retirement.
“Defined contribution plans play a critical role in building a stronger retirement system,”
The report notes that workers with such plans are nearly twice as likely to reach their retirement goals as those without them.
- Fewer than half of Americans are financially prepared for retirement.
- Having access to defined contribution plans can significantly improve retirement security.
Author's summary: Less than half of Americans are ready for retirement.