The Goldman Sachs Retirement Survey Found That 67% of Americans Say Too Many Monthly Expenses Are Killing Their Ability to Save
Key takeaways
- SmartAsset s free tool can match you with a financial advisor in minutes to help you answer that today.
- These increases have narrowed the gap between income and expenses, leaving less room for retirement savings.
- The report does not include BEA savings rate data, so the focus shifts to what workers themselves report.
The Goldman Sachs Retirement Survey Found That 67% of Americans Say Too Many Monthly Expenses Are Killing Their Ability to Save David Beren Sat, May 9, 2026 at 9:35 PM GMT+7 5 min read GS Quick Read Goldman Sachs (GS) retirement survey found that 67% of working Americans report too many monthly expenses are hindering retirement savings, with housing costs rising from 21% of income in 2000 to 36% in 2025, while childcare jumped from 10% to 25% and private college tuition from 9% to 33% over the same period.
Rising costs in housing, healthcare, education, and childcare have outpaced wage growth for two decades and are projected to continue through 2035, forcing younger generations—over 75% of Millennials and 70% of Gen Z—to delay major life milestones and prioritize competing financial obligations over retirement savings.
Are you ahead, or behind on retirement? SmartAsset s free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don t waste another minute; learn more here.(Sponsor)