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This puts additional pressure on them to prepare financially for their golden years.
A nest egg of that size is enough to fund a decent retirement in much of the country.
About three-quarters (74%) have $100,000 or less saved up.
The numbers arent much better for older Gen Xers, ages 55 to 59.
This will give you more time to earn a steady paycheck and contribute to your retirement fund.
Thats up from $23,000 in 2024.
If you are 50 or older, the catch-up contribution is an additional $7,500.
Downsize
You dont have to wait until retirement to start downsizing your home, possessions and expenses.
you might also sell excess possessions to raise more cash.
One option is get aside hustle or part-time joband put the extra earnings into savings/investments.
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