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Employees have many reasons for falling behind on their retirement savings. Recently, an increasing cost of living, student debt and low salaries are cited as the primary factors creating obstacles to retirement savings, according to plan sponsors surveyed by TIAA and C Space for the “TIAA Pulse Survey; Playing Catch-up” study.

Plan sponsors who responded to the survey also pointed to an increasingly prevalent attitude of kicking the retirement can down the road for some employees who are more focused on current expenses or things they want to spend their money on now, believing they can adequately catch up on retirement savings later.

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