Savings & Retirement
US Workers Say They Need $1.8 Million for Retirement
A new survey of people who have 401(k) plans found that it’s getting harder to put money away as costs rise.
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Workers are finding it harder to save for retirement, even as the amount they need keeps rising.
The average savings target in the US is now $1.8 million, according to a nationwide Charles Schwab survey released Wednesday. That’s up from $1.7 million a year ago.