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The U.S. Government Accountability Office paints an equally dire picture. As of 2022, 32% of households with a worker age 55 and older had no savings for retirement or defined benefit plan. Don't miss
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.
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 ...
Social Security replaces about 40% of the average worker's pre-retirement income. That's better than nothing, but not enough money for most people to comfortably pay the bills 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.
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...
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 ...
A survey from AARP finds that 20% of U.S. adults aged 50 and over have no retirement savings. And as of 2022, around 28% percent of all non-retired adults had no retirement savings either, as per ...
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