Study: Wealthy Americans Better Positioned for Retirement Due to Investing, While Lower Income Groups Struggle to Build Cash Reserves

Only top income earners projected to sustainably meet retirement spending needs, per Vanguard research. Investing played key role in wealth growth.

Higher income cohorts hold bigger share of assets in stocks/bonds and have access to employer retirement plans.

Lower income groups hold more cash, missing out on potential growth from long-term investing.

Over half of Americans keeping more in cash amid recession worries, per Allianz survey.

Vanguard suggests greater participation in capital markets could improve retirement readiness, but building cash reserves can be challenging.