I have a middle-class income - how do people contribute $30k annually to retirement?

Financial advice suggests maxing out retirement savings to prepare for a comfortable retirement, a practice that is increasingly unrealistic for middle-class earners in today’s economy.

The average middle-class worker earning $60,000 annually finds it nearly impossible to save the recommended amounts for retirement, highlighting the disparity between financial ideals and real-world incomes.

With rising living costs and a stagnant wage environment, the suggestion to contribute 15% of income for retirement savings feels out of touch for many families managing basic expenses.

Compounding the issue, everyday essentials are seeing price hikes—like milk at 2.2% and eggs at 37.5%—making the push to save for retirement seem even more daunting.

Read at 24/7 Wall St.