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flag Fewer than 1 in 10 U.S. retirees have $1 million in savings due to high costs, slow wage growth, and poor planning.

flag Few Americans actually retire with $1 million in savings, according to recent data, with only about 10% of retirees reaching that threshold. flag Factors like rising living costs, stagnant wage growth, and insufficient retirement planning contribute to the low percentage. flag Financial experts emphasize consistent saving, early investing, and managing debt to improve retirement outcomes.

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