One retirement problem: it's unclear if people are even listening to saving advice, because there isn't enough data on it
Americans are often told not to touch their retirement savings until the future, but the government isn’t entirely sure how well they’re listening because there’s no solid data to show it.
Experts offer Americans financial guidelines, based loosely on what we know about retirement savings , but having a deeper understanding of where people stand, how many accounts they have, what debts they’re stressing out about, if they’re expecting any pension or Social Security benefits and their retirement trajectory would allow for more personalized advice.
“There’s no truer picture of retirement readiness than looking at individuals,” Murphy said. Comparing average savings rates isn’t always helpful, as there are so many moving parts underneath the figures — such as gender, salaries, debt, household information and age.
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