**Americans are delaying retirement: What is the truth?**

I just saw a survey data that is a bit heartbreaking - more than 1/3 of American adults plan to delay retirement. The reason is very straightforward:

▸ Insufficient deposit (51%)
▸ Inflation Pressure (46%)
▸ Economic environment deteriorating (32%)

What’s even more heart-wrenching is that the average retirement savings for Americans is only $200,000, while the financial company Fidelity recommends saving $560,000+ (calculated as 9 times the annual salary). That’s a direct difference of three times.

**The cost of living is the real killer**: 63% of people say the cost of living is too high, and 55% report a surge in daily expenses. As a result, many have changed their strategies - 23% plan to pay off debts first, and 16% choose to continue working.

**There is a significant generational gap**: Both Millennials and Baby Boomers are most confident about retirement savings (43% each), but there is a huge discrepancy between the actual savings and the target for young people (aged 20-39) - they need 300,000 to 500,000 to retire comfortably, but have only saved 40,000 to 50,000.

In simple terms, retirement planning has become complicated now; relying solely on passive income from wages is simply not enough. One must actively adjust strategies. How is your retirement plan?