These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them

These behavioral traits lead to greater retirement savings, research finds. Yet only 10% of workers have them

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People who find it easiest to financially prepare for retirement have four behavioral traits, a new survey shows.

Yet just 10% of workers have all of these “optimal” characteristics, according to the survey findings, from Goldman Sachs Asset Management in collaboration with Syntoniq, a behavioral finance research organization.

The behaviors help retirement savers turn their intentions into action, according to the July survey of 5,261 workers and retirees.

Many people find it difficult to save for retirement because of their financial circumstances.

Previous Goldman Sachs research has found competing life priorities — such as the need to pay down student loans, provide care for other family members or other financial hardships — may reduce workers’ retirement savings by up to 37%.

Read more at CNBC

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