Retirement goals: sipping coffee on a beach or working at the coffee shop?

Answer: 35%

Questions:

• Why do you think so many non-retirees feel their retirement savings are not on track?
• What factors make it hard for people to save enough for retirement today compared to past generations?
• If you were designing a retirement savings system for the country, what would you do differently to help more people feel confident?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (Federal Reserve): 

"While most non-retired adults had some type of tax-preferred retirement account (such as a 401(k), IRA, or Roth IRA) or a defined benefit pension, a lower 35 percent of non-retirees thought their retirement saving was on track. The share of non-retirees who thought their retirement saving was on track was up relative to 2022 and 2023 but below the shares who thought their saving was on track in 2021."

About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.

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