Economic struggles: Are Americans prepared for retirement? – Deseret News - Tellbrief.com

Economic struggles: Are Americans prepared for retirement? – Deseret News

For many Americans, the work they put into their jobs is motivated by a goal to retire comfortably. But with the economy as it is, many fear they’re behind on retirement savings.

“Those who only live for today are putting themselves at risk for a poor tomorrow, or in this case an underfunded retirement. In 1970, homeowners needed $3,400 for a 20% down payment on the average home, compared to $71,688 in 2024.

Increase in down payment needed from 1970 to 2024: $78,179...

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