Middle-class America is nowhere near ready to retire – at least financially. In fact, one-third of Americans are not contributing to any retirement vehicle at all. A Wells Fargo study on 2014 middle-class retirement trends found that most Americans are struggling to get their ducks in a row, economically, for later life. Sixty-eight percent of those surveyed say they find saving for retirement harder than anticipated, and the median amount earmarked is just $20,000. Procrastination and Priorities Most middle-class Americans cite having other financial priorities as a primary reason for failing to contribute regularly to retirement. What they’re paying for…
When It Comes To Retirement Savings, The American Middle Class Isn't Doing So Hot
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.