Americans believe they need about $1.2 million to retire comfortably, but a growing number doubt they will ever reach that goal as inflation, debt and day-to-day expenses continue to squeeze household budgets.
A new survey from global investment manager Schroders found that while workers recognize the importance of building retirement savings, many expect to fall well short of the amount they believe they will need. The survey, conducted among 1,500 workplace retirement plan participants between March and April, highlights a widening gap between retirement expectations and financial reality.
