Majority of savers in the world's fastest-growing economies set to miss their retirement goals by 50%

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Majority of savers in the world's fastest-growing economies set to miss their retirement goals by 50%
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Most savers are set to miss their retirement goals by at least 50%. (via CNBCMakeIt)

The respondents were divided into three groups: emerging affluent, or those with enough money to "spend, save and invest"; the affluent, or those who earn significantly above the average in their market; and high net worth individuals , or those with investable assets over $1 million.

According to the report, 59% of people rely primarily on savings accounts to achieve their top financial goals, while just 37% invest in stocks or equities. "By diversifying their wealth across various investment solutions, people have the potential to generate better risk-adjusted returns, putting you on the path to financial freedom," Morillo said.

The wealth expectancy gap was at its lowest in China, where 44% of wealth creators were on track to meet their wealth aspirations.

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