Many of Us Aren’t Saving Enough for Retirement. But There Are Ways to Fix This A significant portion of the workforce fears insufficient retirement savings due to rising costs and stagnant wages. However, for those with disposable income, the author suggests that personal choices about increasing income or decreasing expenses are the primary solutions. While not easy, these adjustments are presented as available options for individuals to improve their financial future and secure a comfortable retirement.

• Nearly half of one generation and 69% of all workers fear not saving enough for retirement.
• The author posits that for individuals with disposable income, retirement savings issues are often a result of personal choices rather than solely economic factors.
• Solutions involve either increasing income through negotiation, job changes, or entrepreneurship, or decreasing expenses by cutting discretionary spending on small items, dining out, subscriptions, and big purchases like vacations or luxury items.
• Investing in oneself through education and skill development is encouraged to increase earning potential.
• Financial strategies like whole life insurance, maximizing 401(k) and HSA contributions, and automatic savings transfers are recommended.
• Ultimately, the article concludes that while challenging, improving retirement savings is a fixable problem through deliberate individual choices.