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Unfortunately, an estimated 20% of Americans aged 50 and over have no retirement savings, says AARP. And that perhaps explains why the median retirement savings balance among Americans aged 65 to ...
The typical 40-year-old has $45,000 in retirement savings, according to the Federal Reserve. So if your retirement plan balance is $0, it means you've probably got some catching up to do. That's ...
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.
A lot of people don't end up having tons of retirement savings by age 40. They often spend much of their 20s paying off student debt and credit cards, and a fair amount of their 30s saving for a home.
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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