{"id":241120,"date":"2025-10-26T02:48:12","date_gmt":"2025-10-26T02:48:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/241120\/"},"modified":"2025-10-26T02:48:12","modified_gmt":"2025-10-26T02:48:12","slug":"less-than-half-of-americans-are-on-track-to-maintain-their-current-lifestyles-in-retirement-vanguard-says","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/241120\/","title":{"rendered":"Less Than Half Of Americans Are On Track To Maintain Their Current Lifestyles In Retirement, Vanguard Says"},"content":{"rendered":"\n<p class=\"yf-1090901\">Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.<\/p>\n<p class=\"yf-1090901\">Less than half of Americans are sufficiently prepared for retirement, the <a href=\"https:\/\/corporate.vanguard.com\/content\/corporatesite\/us\/en\/corp\/articles\/state-retirement-readiness-three-charts.html?utm_source=chatgpt.com\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Vanguard Retirement Outlook study;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Vanguard Retirement Outlook study<\/a> found. Vanguard expects that this group of Americans won&#8217;t be able to maintain their current lifestyles in retirement.<\/p>\n<\/p>\n<p class=\"yf-1090901\">It serves as another reminder of how important it is to plan for your retirement early. Relying on Social Security won&#8217;t cut it for most people, especially if you don&#8217;t want to make any lifestyle changes.<\/p>\n<p class=\"yf-1090901\">Don&#8217;t Miss:<\/p>\n<p class=\"yf-1090901\">Vanguard estimates that only 40% of baby boomers are on track for retirement, while it&#8217;s actually more favorable for other generations. Gen Z is the most prepared for retirement, with Vanguard finding that 47% of them are on track. Vanguard defines Gen Z as individuals who are 24 to 28 years old. Millennials and Gen X are in the middle, at 42% and 41%, respectively.<\/p>\n<p class=\"yf-1090901\">Technology may have played a role in Gen Z&#8217;s lead over other generations. Automatic wealth-building strategies, brokerage accounts, and bank accounts became more accessible over time, allowing Gen Z to tap into more wealth-building strategies earlier than baby boomers.<\/p>\n<p class=\"yf-1090901\">&#8220;Features like autoenrollment, automatic escalation of saving rates over time, and target-date funds have helped significantly improve savings behavior and investment outcomes,&#8221; Vanguard said.<\/p>\n<p class=\"yf-1090901\">Trending: Wall Street Has Algorithms \u2014 Now Retail Traders Do Too. <a href=\"https:\/\/benzingapartners.go2cloud.org\/aff_c?offer_id=590&amp;aff_id=1&amp;utm_campaign=partner_feed&amp;utm_source=yahooFinance&amp;utm_medium=partner_feed&amp;utm_content=real_estate&amp;nid=48422262\" rel=\"nofollow noopener\" target=\"_blank\" data-ylk=\"slk:Invest in Option Circle Before Nov. 13;elm:context_link;itc:0;sec:content-canvas\" class=\"link \">Invest in Option Circle Before Nov. 13<\/a><\/p>\n<p class=\"yf-1090901\">Although Gen Z and other generations have an edge on baby boomers when it comes to retirement preparation, homeownership is a decisive factor that can shift the momentum to baby boomers.<\/p>\n<p class=\"yf-1090901\">Vanguard found that nearly 90% of baby boomers own a home, which gives them more flexibility in how they pursue retirement. Baby boomers can take out home equity loans, use reverse mortgages, or downsize to make their retirements go more smoothly.<\/p>\n<p class=\"yf-1090901\">Home equity gives baby boomers a significant advantage. It doesn&#8217;t make much of a difference for the wealthiest baby boomers. However, baby boomers in the lower 30th percentile of income levels see their retirement preparedness soar from 15% to 42% if they have home equity, according to Vanguard. This finding further highlights the importance of buying a home in the long run versus renting a property.<\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Less&hellip;\n","protected":false},"author":2,"featured_media":241121,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,8197,99,186,184,185,6541],"class_list":{"0":"post-241120","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-baby-boomers","11":"tag-business","12":"tag-finance","13":"tag-personal-finance","14":"tag-personalfinance","15":"tag-retirement-planning"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/241120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=241120"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/241120\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/241121"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=241120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=241120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=241120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}