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  • _Robert_ posted an update in the group Group logo of No commentNo comment 6 days, 3 hours ago

    The median data below (midpoint of the frequency distribution) is so disturbing. Looks like a lot of boomers and Gen X folks will not be retiring or living off social security alone. The average amounts saved appear to be skewed by the folks who have saved up.
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    32-61 year old households averaged around $120,809 in retirement savings.
    30-34 year olds averaged $24,254 in retirement savings with a median of $700.
    60-64 year old averaged $229,101 with a median of $16,000.

    With an expansive definition allowing other liquid sources, 30-34 year old households averaged $43,162 with a median of $6,500.

    Households headed by someone aged 60-64 averaged $564,326 with a median of $39,000.