Retirement optimism: Americans are increasing their contributions

Yahoo Finance Video
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New data indicates Americans are intensifying their focus on retirement planning. A Vanguard survey revealed that 4 in 10 individuals are increasing their retirement contributions compared to the previous year, resulting in a 19% surge in average account balances. Complementing this trend, Fidelity data found that three-quarters of Americans express confidence in their ability to retire on their own terms.

Yahoo Finance's Kerry Hannon breaks down the details.

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Editor's note: This article was written by Angel Smith