The apparent disconnect is also emphasized when respondents are asked if they feel afraid that they aren’t saving enough – only one in three (32%) agree. While it’s encouraging that most Americans feel unafraid and in control of their finances, the number of those who say they feel unsure about whether they can afford what they need and want in retirement is troubling.Exposing the Gap: What Americans Think They Need vs. What They’ve Actually SavedAdding to the contradictions between emotional assurance and actual financial preparedness is that Americans really haven’t saved as much as they think they will need – despite the fact that so many believe they could save more or take extra steps to prepare. The data uncovers that these Americans between the ages of 50-70 believe they need to add approximately $250,000 to their nest egg to retire comfortably.
Ameriprise Financial Survey Shows Americans Experience Disconnect Between Emotions, Retirement Goals And Financial Reality
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