Employer-sponsored defined-contribution savings in the U.S. Internal Revenue Code
A wave of new surveys shows Americans face higher retirement costs and uncertainty about Social Security solvency. People are saving less than they think they’ll need, inflation and healthcare costs are rising, and many expect to work longer or rely on savings strategies to bridge the gap.
A new Empower analysis shows Americans’ net worth rises with age, reaching into the trillions for Silent and Baby Boomer generations. Younger generations trail, though 401(k) saving and IRA contributions are increasing. The shift signals a historic intergenerational wealth transfer that funds consumption and retirement across decades.
Coast FI is gaining traction as a retirement strategy that lets savers reach a defined nest egg early and then scale back contributions. Experts warn about return sequencing and inflation assumptions, while younger generations view time freedom as the main benefit.