Fewer than half of Americans are on track to comfortably retire after the pandemic and decimated savings plans. A report by the US's largest 401k plan provider Fidelity Investments found that a meagre 29 percent of people are on track to cover all of their expenses in retirement, down from 38 percent in 2020. And it is young people that have borne the brunt of the crisis, with 55 percent of 18 to 35-year-olds saying they have been forced to put their savings on hold.
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