Caregivers facing greater financial strain, lower retirement confidence

Source: Benefits Canada Employees with caregiving responsibilities face greater financial strain, lower retirement confidence and more concern about future retirement risks than employees without caregiving responsibilities, according to a new survey by the Employee Benefit Research Institute. The survey, which polled more than 2,500 U.S. employees aged 25 and older, found just 36 per cent of caregivers said their health status is excellent or very good, compared to 45 per cent of non-caregivers. Nearly two-thirds (64 per cent) said [...]

2026-07-29T11:48:19-07:00July 29th, 2026|Categories: Economy|Tags: , |

The Average American Has $995 Saved for Retirement

By Alice Higham Source: Newsweek The typical American worker is entering later life with far less put away than many experts say is needed for a secure retirement, according to a new analysis that shows gaps in savings, access to employer plans and long-term financial stability. Retirement Expectations and Reality According to a new National Institute on Retirement Security (NIRS) study, among workers who had any defined contribution retirement savings at all, the median balance stood at $40,000 in [...]

2026-03-04T16:34:05-08:00February 12th, 2026|Categories: Retirement|Tags: , |

Here’s how much Americans say they need to retire — and it’s 53% higher than four years ago

By Aimee Picchi Source:CBS News Americans have lofty goals for their retirement, with the typical worker believing they need $1.46 million to retire comfortably — a jump of 53% from their savings target in 2020, according to a new survey from Northwestern Mutual. But most people are far from reaching that objective, with the study finding that the average amount held in a retirement account today is just $88,400. That means that the typical worker has a $1.37 million gap [...]

2024-04-11T08:54:30-07:00April 2nd, 2024|Categories: Retirement|Tags: |
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