Saving for retirement is the top financial stressor for workers of all ages, even more so than job security, credit card or student loan debt, according to a 401(k) plan participant survey conducted by Schwab Retirement Plan Services, Inc.
Even millennials are worried about being able to save enough for retirement, with 38% of respondents naming it as a significant source of financial stress. Nearly half of respondents say it is impossible to save enough in their 401(k) plans for a comfortable retirement, while only 43% know how much money they need for a comfortable retirement, the survey found.
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