Yahoo TV

According to a poll conducted by Northwestern and the Harris Poll, the average American adult has only saved up 7 percent of their retirement savings goals, where most people have a target of $1.3 million. Cary Carbonaro, Advisors Capital Management Senior Vice President — Director of Women and Wealth, and Mark Miller, Author of "Retirement Reboot: Commonsense Financial Strategies for Getting Back on Track", sit down with Yahoo Finance's Jared Blikre to discuss the benefits and budgeting strategies Americans can take advantage of to maximize retirement savings options. Carbonaro states there is a "retirement rewirement" phenomenon following the pandemic in older Americans, while younger Americans are becoming easily influenced by perceptions of wealth seen across social media.