Core Insights - Over 40% of Gen Z, millennials, and Gen X workers are living paycheck to paycheck, with rising costs of essential expenses hindering retirement savings [1] - If current trends persist, over half of US workers could be living paycheck to paycheck by 2033, indicating a growing unaffordability of retirement [1][2] - The retirement savings challenges are particularly pronounced among younger generations, with over 50% of Gen X, more than 75% of millennials, and over 70% of Gen Z reporting competing priorities that impede their ability to save [2] Retirement Planning Strategies - The traditional advice to "save more" is deemed insufficient; a more tailored approach using investment advice and retirement income strategies is necessary [3] - Personalized planning advice as a workplace benefit and private asset investment options in employer-provided accounts like 401(k)s are suggested solutions [3] - Workers with a personalized retirement plan have a 15% higher savings-to-income ratio, while retirees with a plan show a 27% higher ratio [4] Emerging Solutions - New employer plan offerings are expected to include more sophisticated solutions, such as alternative asset classes for risk diversification and guaranteed income strategies for stability [5] - Personalized investing and advice are considered essential to maximize potential retirement savings opportunities [5]