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Americans may have guessed the amount they need to save for retirement — but they’ll probably never get there

Alessandra Malito
Americans may have guessed the amount they need to save for retirement — but they’ll probably never get there

Less than half have increased their contribution percentage in the last two years. • The top obstacles when trying to save for retirement for participants were: unexpected expenses like home repairs, paying off credit card debt, needing enough money for basic monthly bills and then student loans. • Their main source of financial stress was saving enough for retirement, followed by paying off credit card debt and keeping up with monthly expenses.