“40% of workers are behind on retirement planning. Not saving earlier was the biggest mistake”
September 9, 2024
“…In fact, 4 in 10 American workers — 40% — are behind on retirement planning and savings, largely due to debt, insufficient income or getting a late start, according to a new CNBC survey, which polled more than 6,600 U.S. adults in early August.
Older generations closer to retirement age are more likely to regret not saving for retirement early enough, the survey found: 37% of baby boomers between ages 60 and 78 said they felt behind, compared with 26% of Gen Xers, 13% of millennials, and only 5% of Gen Zers over the age of 18…”
See the bold. In other words people don’t think about this until they are forced to. Not a very wise decision in my view.