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Wealthy US investors say they need $2.6 million to retire

FinanceInternationalUSA Today40 s readAI summary
Image: USA Today

An online HSBC survey of 9,993 affluent and high-net-worth investors aged 21 to 69 shows they believe they need $2.6 million to retire comfortably, 26% more than a year ago and about double the $1.2 million that, according to Schroders, average Americans estimate. Yet they have saved on average only 52% of that goal: baby boomers 74%, Gen X 55%, Gen Z 45% and millennials 42%.

In 40 seconds

  • High-net-worth investors surveyed by HSBC put the figure for a comfortable retirement at $2.6 million, 26% more than a year ago.
  • They have saved on average 52% of that goal; millennials 42% and baby boomers 74%.
  • Seven in 10 plan to fund more than retirement, including career changes or new businesses (39%) and support for children and parents (37%).
Read the full story at USA Today

IASummary generated by artificial intelligence from a story by USA Today. It may contain errors: the original source prevails.

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