Many Workers Have More in Their Driveway Than in Their Retirement Accounts

Key Takeaways Many workers’ retirement balances trail the value of their vehicles. On average, no age group has reached even 25% of common retirement savings targets. Small contribution increases and spending shifts can help close the gap over time. A new analysis from the National Institute on Retirement Security (NIRS) highlights a stark reality: For many Americans, their car is worth more than their retirement savings. The comparison lands because it swaps abstract percentages with something ta ...