BUSINESSFORTUNE
The average worker would need to save for 52 years to claw their way out of the middle class and be classified as wealthy, research reveals
The average worker would need 52 years of savings to reach £1.3 million ($1.7 million) in the UK and 70 years to save $4.4 million in the US to achieve the American Dream, according to research from the Resolution Foundation and Investopedia. Wealth inequality is highlighted as persistent, with passive gains from property and investments widening gaps, making upward mobility increasingly difficult.
Mentioned
Related Signal
Adjacent reporting
- Here’s the net worth you need to start getting ahead in your 20s, 30s, 40s and beyond in the U.S.
- Americans say they need $1.2 million to retire comfortably, survey finds — but many expect to fall short
- America's 'upper middle class' is surging: How much you must make to avoid being left behind
- Fifteen million Britons aren't saving enough for retirement and risk income 'cliff edge' when they stop work, Government report warns
- WATCH: What does a person have to make to afford the average price of a home?