Their savings rate may have improved over the past two years,but more than half of American workers are still at risk of beingunprepared to completely cover essential living expenses inretirement—which includes such littleitems as housing, health care, and food.
According to Fidelity Investments’ biennial “Retirement SavingsAssessment,” 55 percent of Americans are still in that high-riskgroup—although the good news is that the number of Americans whosesavings have risen enough for them tolikely to afford at least their essential expenses duringretirement has grown.
Since the last assessment was taken in 2013, when just 38percent were adjudged capable of paying for the essentials, peopleare saving more and, according to Fidelity, investing moreappropriately for their age.
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