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A 2024 survey by AARP found that 20% of Americans ages 50 and over have no retirement savings and more than half (61%) are worried they will not have enough money to support them in retirement.
As a society, we're constantly told to save, save, save -- but that's not always possible. For myriad reasons, Jennifer James reached age 50 without any retirement savings to speak of. Like many...
According to The Federal Reserve’s 2022 Survey of Consumer Finances, the average retirement savings balance was $333,940. This is a big number for sure, but is likely not going to be enough to ...
Roughly half of all Americans over the age of 55 had no retirement savings. Meanwhile, 1-in-4 Americans over the age of 65 were struggling to survive on less than $15,000 a year.
While just a small fraction of low-income Americans — who earn a median yearly salary of $19,000 — reported having some retirement savings to fall back on in 2019, a whopping 90% of high ...
As of 2022, 50-year-olds had a median retirement savings balance of $115,000, per the Federal Reserve. If you want to use that as a benchmark, it leaves you with some serious catching up to do.
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