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Americans often face a multitude of financial priorities, from the increasing cost of living and health care coverage to saving for a home, a child's college education or their own retirement. In recent years, we've seen high levels of inflation, which have negatively impacted retirement savings as employees shift their financial focus to paying for more immediate needs. Less than half of employer-sponsored retirement plan participants are contributing at least 10% of their income to their savings, and only a quarter of savers are contributing 15% or more.
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