Now, new research is showing that many Americans are making a major shift when it comes to their retirement savings, and the pros seem to agree that this is a bad sign—not just for retirees, but for the economy as a whole—and they are advising people to stop making this potentially costly mistake. Keep reading to find out if you're guilty of the retirement misstep that 1 in 4 Americans is now said to be making.
There's new research from the payroll firm Dayforce suggesting that Americans are reducing the amount they put into their retirement savings. According to a report published on March 30, 2026, Americans' average retirement savings rate dropped to 8.9 percent in 2025.
Related: This State Was Just Named the Worst Place To Retire in the U.S.
There was one place where numbers increased, though. According to Dayforce, the number of people taking loans out of their retirement accounts is on the rise. Dayforce's Jason Rahlan spoke with CBS News about the findings, noting that 20 percent of full-time workers took money out of their 401(k) s on loan.
Related: Popular Vacation Destination Full of Free Museums and Fun Events Named Best Place to Retire in U.S.—and No, It's Not Florida
Should You Stop Contributing to Your Retirement Savings
If you need to temporarily reduce your retirement contributions to do that, there is nothing inherently wrong with your decision. That said, short-term financial decisions can have a significant impact on your long-term plans, especially if you are close to retirement age. If you are considering this and have concerns, your best bet is to talk to a financial planner or retirement expert to see if this option is the best fit for your personal situation before you make any decisions.
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