On a better savings course: US retirement score rises
Americans’ retirement savings are in the best shape they’ve been in more than a decade.
So says a survey by Fidelity Investments, which looked at more than 3,000 working households that have started saving for retirement.
After tallying up how much they’re saving in their 401(k) accounts, their expected Social Security benefits and other assets, Fidelity said that the typical saver is on track to have 80 percent of the income they’ll need to cover retirement costs. That’s the highest score since Fidelity’s surveys began in 2005, when it was at 62 percent.
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