Study: Wealthy Americans Better Positioned for Retirement Due to Investing, While Lower Income Groups Struggle to Build Cash Reserves
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Only top income earners projected to sustainably meet retirement spending needs, per Vanguard research. Investing played key role in wealth growth.
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Higher income cohorts hold bigger share of assets in stocks/bonds and have access to employer retirement plans.
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Lower income groups hold more cash, missing out on potential growth from long-term investing.
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Over half of Americans keeping more in cash amid recession worries, per Allianz survey.
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Vanguard suggests greater participation in capital markets could improve retirement readiness, but building cash reserves can be challenging.
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