This is a news story, published by CNBC, that relates primarily to Social Security news.
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yearly retirement budgetCNBC
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83% Informative
Vanguard has released its annual report, How America Saves 2024 .
401(k) plans are the main private savings vehicle Americans have for retirement.
Account balances for those approaching retirement ( 65+ ) remain very low.
Americans are still very reliant on Social Security for a large chunk of their retirement.
As of January 2023 , the average Social Security benefit was almost $1,689 per month, or about $20,268 per year.
Only 57% of retirees have a tax-deferred retirement account like a 401(k) or IRA.
To have a more robust retirement, Americans are just going to have to save more.
VR Score
87
Informative language
87
Neutral language
57
Article tone
informal
Language
English
Language complexity
40
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
4
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