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Retirement Statistics in Focus
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Overview
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Consumer surveys reveal significant retirement statistics, with most Americans not saving for retirement and a majority feeling stressed about their financial preparedness. Retirees are also facing challenges, including inadequate savings and reliance on Social Security. Notably, a substantial portion of retirees have non-mortgage debt and some are considering rejoining the workforce.
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How can individuals improve their retirement planning and financial preparedness based on these statistics?
What measures can be taken to alleviate the stress and anxiety associated with not having enough money saved for retirement?
What role does the government play in supporting retirees and addressing their financial needs?
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401ks