A new Fidelity study finds that while Americans' retirement readiness scores have improved, there's still work to be done if those who are still behind aren't going to be stuck at a subsistence level, or worse, in retirement.
In its biennial Retirement Savings Assessment, Fidelity says that Americans have actually made a lot of progress over the last 15 years, increasing the retirement readiness score from its 2006 level of 62 to a more respectable 83, considered to be in the green zone.
That doesn't mean they're all where they need to be, however. Just 37 percent of respondents are considered to be "on target," meaning they should be able to cover more than 95 percent of total estimated retirement expenses—including essential and discretionary expenses—during retirement. Just 32 percent of respondents were in this category in 2018.
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