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“35% of millionaires say retirement is ‘going to take a miracle,’ report finds”

“…Although the rich are getting richer, 58% of high net worth individuals said they accept that they will have to keep working longer and 36% worry that retirement may not even be an option, according to data from Natixis Investment Managers.

In fact, 35% of millionaires said their ability to be financially secure in retirement is “going to take a miracle,” the survey found. Natixis surveyed more than 8,500 individual investors, including 1,617 who have accumulated $1 million or more in investable assets.

Americans now expect they will need $1.25 million to retire comfortably as higher costs strain household budgets, a separate study from Northwestern Mutual found — a 20% jump from the $1.05 million respondents cited a year earlier…”

https://www.cnbc.com/2023/02/06/more-millionaires-say-retirement-will-take-a-miracle-report-finds.html

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