Since the pandemic, inflation and higher costs of living have pushed many Americans' wallets to the brink. They've been forced to cut back in several areas, including saving for the future.
A 2025 Morgan Stanley at Work study found about 39% of employees surveyed said they reduced their 401(k) contributions as a result of current economic conditions, and 67% say they're reducing contributions across all savings accounts. That's a 4% increase from 2024.
