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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 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...
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.
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 ...
Here's how much the average 60-year-old American has in retirement savings — and 4 ways you can secure your nest egg ... in five Americans over the age of 50 have no retirement savings ...
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 ...
This includes individual retirement accounts, Keogh accounts, Thrift Savings Plans and 401(k) accounts. The number was even higher for Gen X in 2020: nearly 44% of those aged 40 to 55 didn’t own ...
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