NNN - The Millionaire Next Door Strikes Again
2024-07-12 07:00:00 ET
Summary
- Americans believe they need $1.46 million to retire comfortably, a 53% increase from 2020.
- Rising costs of living, inflation, and longer life expectancies are contributing to the perceived need for higher retirement savings.
- NNN REIT and EastGroup Properties are recommended as investment options for sustainable income and long-term financial success.
Americans believe they need $1.46 million to retire comfortably, according to a survey by Northwestern Mutual earlier this year.
That’s 53% higher than they reported in 2020, CBS News reports .
“Due to the impact of inflation and other financial pressures,” it writes, “Americans today believe they need to sock away more for their golden years compared with 2020, when the typical worker pegged a comfy retirement as requiring $951,000 in savings, Aditi Javeri Gokhale, chief strategy officer at Northwestern Mutual, told CBS MoneyWatch.”
Now, she did add that this intense discrepancy can be at least somewhat attributed to many workers “expecting to live longer” and quitting work earlier – two factors that naturally increase the amount of money one needs to save up pre-retirement....
The Millionaire Next Door Strikes Again