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While the amount older workers think they will need is unchanged, a survey reveals millennials’ expectations are even higher. fizkes / Shutterstock.com
American workers appear to be losing faith they will save enough to retire comfortably, a new survey indicates. For two straight years, workers ages 45 and up have pegged the figure they need at about $1.1 million. That’s according to the 2023 U.S. Retirement Survey from Schroders, a European investment management firm. However, this year only 21% say they expect to save even $1 million by…
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