Among the middle-class workers surveyed, only 21% expressed being 'very confident' in their ability to fully retire—a stark indicator of retirement insecurity.
40% of middle-class workers cited their greatest fear as outliving their savings, reflecting deep concerns about financial stability and future healthcare needs.
With a median retirement savings of just $66,000, many middle-class Americans face insurmountable obstacles like debt and rising living costs, compromising their savings efforts.
Almost half of those surveyed anticipate working beyond age 65; 15% do not expect to retire at all, highlighting a challenging future for many.
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