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Education also plays a significant role in wealth accumulation. College graduates generally have a net worth of $1.5 million, while individuals without a college degree possess, on average, around $300,000.
Practical Steps to Retirement Savings
For individuals who have not yet reached the million-dollar savings goal, there are actionable strategies available to help improve their financial situation. First and foremost, it is crucial to adopt a commitment to saving and investing your money consistently, regardless of your income level.