Friday, May 25, 2018

How much money have America’s 30-somethings actually saved? Finally, they speak - MarketWatch

How much money have America’s 30-somethings actually saved? Finally, they speak - MarketWatch: Will you ever be able to stop working? These 30-somethings are planning ahead.

Twitter TWTR, 0.63% �blew up last week after MarketWatch posted a story about saving for retirement in your 30s. The piece cited a Fidelity Investments study, which suggested Americans save twice their annual salary for retirement by the age of 35, a figure that would — if continually contributed to — make up 45% of that individual’s income in retirement.

Older millennials criticized the guidance, saying it was impossible for most people to do. Some said saving anything for retirement was a struggle.

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