---
title: "Inside the Wallets of Working Americans: Retirement & homeownership"
---

<https://resources.salaryfinance.com/itw-retirement-homeownership#top>

**——**     Inside the Wallets of Working Americans

## Trickle-down effects: A shaky foundation

The ability to plan for the future is an integral element of financial wellbeing. Unfortunately, many employees are currently unable to build strong foundations for their financial future - namely, in the areas of retirement savings and homeownership. 

- Retirement savings
- Homeownership

 Retirement savings

### Retirement savings

- **53%** of people with retirement savings say they don’t know if it will be enough to retire on
- **38%** say they aren’t making sufficient contributions to their retirement savings **– 25%** of people with a retirement plan reduced their contribution because of inflation
- **22%** borrowed from retirement savings in the past year. 64% say that it was their least expensive loan option
- **62%** of people are nervous that inflation will affect their retirement savings and/or timing to retire
- **61%** of people are nervous that a potential recession will affect their retirement savings and/or timing to retire

![Page 8-3](https://resources.salaryfinance.com/hs-fs/hubfs/Page%208-3.png?width=2690&height=1252&name=Page%208-3.png)

 

 Homeownership

### Homeownership

- **55%** of people who can't afford a home cite rising interest rates
- Of those Millennials who don’t own a home right now,** 42%** of them said it’s because they cannot afford to, and **68%** of them feel negative about that
- **56%** of women can't afford a home due to rising interest rates

 

## **% who say they can't afford a home due to rising interest rates**

![Page 8-1](https://resources.salaryfinance.com/hs-fs/hubfs/Page%208-1.png?width=2697&height=1763&name=Page%208-1.png)

[Back ](https://resources.salaryfinance.com/itw-savings?hs_preview=IbaInxGf-108205253456) [Next ](https://resources.salaryfinance.com/itw-financial-wellbeing)

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[Table of contents](https://resources.salaryfinance.com/itw-toc) | [Key findings](https://resources.salaryfinance.com/itw-key-findings) | [Inflation & healthcare costs](https://resources.salaryfinance.com/itw-inflation-healthcare) | [Caregiving](https://resources.salaryfinance.com/itw-caregiving) | [High-cost debt](https://resources.salaryfinance.com/itw-high-cost-debt) | [Lack of savings](https://resources.salaryfinance.com/-temporary-slug-d009f873-c4d7-4247-be00-a89a0d800930?hs_preview=IbaInxGf-108205253456) | [A shaky foundation](https://resources.salaryfinance.com/itw-retirement-homeownership) | [Financial wellbeing in the workplace](https://resources.salaryfinance.com/-temporary-slug-03408bd5-ca6e-4f64-a2ad-4ff304c07faf?hs_preview=shLDjyiM-109019430682) | [The opportunity ](https://resources.salaryfinance.com/itw-employer-opportunity) | [About FinFit + Salary Finance](https://resources.salaryfinance.com/itw-about-us)

---

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