Americans Now Seek 53% Bigger Nest Eggs, on Average, for Retirement. Here's Why.
Northwest Mutual has released its 2024 Planning Progress Study -- and it offers some eye-opening findings concerning retirement. For example, it found U.S. adults thinking they will need $1.46 million to retire comfortably -- a figure fully 15% higher than the 2023 estimate and a whopping 53% higher than the 2020 retirement sum.
Here's a look at why there was such a big jump, and what the information means for you.
Image source: Getty Images.
Source Fool.com
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