How 7+ million savers are preparing for the future
Our recordkeeping data—tracked over the past several years—reveals emerging patterns that point to some interesting behaviors and shifts. Here, we’ve identified key trends that reflect the current state of the savings plan industry and where it’s headed. But first, how do Americans report on their own savings progress?
report good or excellent progress in "meeting their savings needs"
are saving at least 5% of income
have automatic savings plans outside of work
have no or are paying down consumer debt
feel they are saving enough for retirement