Saving for Retirement is a Common Source of Stress
A new survey released August, 2016 by Schwab Retirement Plan Services Inc. highlights how saving enough money for a comfortable retirement is, in fact, the most common “financial stress inducer” for people of all ages, even millennials. Almost four out of 10 millennials named saving for retirement (38 percent) a significant source of financial stress above all others, far surpassing student loans (24 percent), monthly expenses (29 percent) and credit-card debt (26 percent).
Almost one out of two surveyed by Schwab feels it is impossible to save enough in a 401(k) for a comfortable retirement.
“With so many competing obligations and priorities, it’s natural for people to worry about whether they’re saving enough for retirement,” said Steve Anderson, president of Schwab Retirement Plan Services Inc.
This blog is an excerpt from Julie's weekly column (Aug. 12, 2016). To request a full version, email firstname.lastname@example.org.