40% of U.S. Households Led by People in Their 30s Lack Retirement Savings Accounts
Approximately 40% of households headed by individuals in their 30s have no retirement savings accounts, according to an analysis of the Federal Reserve's Survey of Consumer Finances (2022). This lack of early retirement planning could significantly impact long-term financial security due to missed compounding opportunities. The issue is exacerbated for those without workplace plans and gig workers.
Topics: demographics financial literacy investing retirement savings