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A 2024 report by AARP found that 20% of Americans aged 50 and over have no retirement savings at all. The U.S. Government Accountability Office paints an equally dire picture. As of 2022, 32% of ...
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 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.
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 ...
Allianz Life found that 35% of respondents to their survey said putting a protion of their retirement savings towards a product with lifetime income payments was a top way to ease their fears of ...
Financial concerns are a fact of life for America's retirees. In fact, an AARP survey found that 20% of adults ages 50+ have no retirement savings, and more than half (61%) are worried they will ...
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 ...
You don’t have any retirement savings, but you’ll receive a monthly Social Security check of $1,900 — just slightly more than the $1,800 monthly average for retired workers as of June 2024.