Americans aren't ready to retire

Axios - More than half — 52% — of Americans are not on track to comfortably pay for their retirement, according to a new report from Fidelity, the nation's largest provider of 401(k) plans. 401(k) accounts lost 23% of their value last year, compared with 2021, per another recent Fidelity report.  And 55% of those between the ages of 18 and 35 have put retirement planning and saving on hold, Fidelity notes. . . . Gen Z is more prepared for the future than previous generations, said Rita Assaf, vice president of retirement at Fidelity. Gen Z's creation of new IRA savings accounts was up 30% in 2022, compared to 2021.

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