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Americans say they need $1.2 million to retire. Most are too deep in debt to get there.
Most Americans are concerned about running out of money in retirement, with over 80% worried it will keep them awake at night. The average amount they believe is needed to retire is $1.2 million, but many feel too burdened by debt to reach this goal.
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- Almost half of Americans say they can’t afford to save for retirement right now
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- Americans are getting better at paying off their $1.25 trillion credit-card debt burden
- Growing number of Americans delay retirement: "Rising costs are on my mind"