Plan Participants Say They'll Need $1.2M to Retire Comfortably. But Many Have More Credit Card Debt Than Savings.

Concerns impacting Americans’ retirement readiness were rising healthcare, utility, insurance, and housing costs (60%), while 55% of survey respondents said they were unable to save 10% of their paycheck for retirement due to expenses. Of note, 33% of plan participants said that their credit card debt was higher than their retirement savings.