The typical U.S. worker has $955 saved for retirement, report finds
A report from the National Institute on Retirement Security reveals that the median retirement savings for U.S. workers aged 21 to 64 is a mere $955, highlighting the financial challenges many face in old age. The report also notes that Social Security's funding shortfall could lead to a 20% cut in benefits by 2034, exacerbating the issue.
The average American worker has less than $1,000 saved for retirement, underscoring the financial strain millions could face in old age, according to a new report from the National Institute on Retirement Security.
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