Rising Costs Are Affecting Retirement Savings
Consistent employment and regular saving have long been important foundations of retirement security, but many workers continue to face competing financial demands that can make it harder to save, according to survey results that Goldman Sachs Asset Management released last week. Many respondents are employed, contributing to retirement plans and doing what conventional wisdom tells them to do, yet housing, healthcare, education, caregiving and daily expenses are eating up a growing share of household resources, leaving them with less capacity...
