Retirement Savings Crisis: The Financial Vortex Leaves 42 Percent of Younger Workers with No Spare Cash
Nearly half of younger American workers are facing a troubling financial reality: they have no spare cash to cover unexpected expenses or contribute meaningfully to their retirement savings. Recent surveys indicate that 42 percent of workers under age 40 report having less than $1,000 in savings, a figure that underscores a widening retirement savings crisis...