Americans continue to be concerned about retirement readiness, yet many employees fail to increase retirement plan contributions, highlighting an urgent need for advisers and employers to better engage their employees in their financial future.

More than one-third of Americans who contribute to an employer-sponsored retirement plan have never increased the percentage of their salary they pay into their company’s plan, according to a recent survey from the financial services firm TIAA-CREF. An additional 26% of employees have not increased their contribution in more than a year. The findings are especially unsettling considering that 44% of American workers save 10% or less of their annual income each year.

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