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Minnesota’s retirement savings ranks ninth on the list, claiming the ninth spot with an average of $470,549. The Land of 10,000 Lakes gives its residents a solid foundation for their retirement ...
This article includes a list of U.S. states that have highest portion of savings (i.e. pensions, investment products, 401(k)); regular savings account, certificate of deposit, or Individual Retirement Account. The increase in people has also increased the Nest Egg index within a given year.
Interestingly, Arkansas's average income isn't as high as other states on our list: The median household income in Arkansas is $58,700, according to Census data, with a 15.7% poverty rate that ...
Average retirement savings, not surprisingly, rise with age. The average balance for those 45 to 52 is $179,200, rising to $256,244 for those 55 to 64 and $279,997 for those already retired.
MoneyGeek reports on personal savings by income level, demographic, educational attainment and more.
Homeowners have an average savings balance of $85,430, while renters average $16,930. ... Employer matches are essentially free money and can help build long-term savings without impacting your ...
Data source: Federal Reserve 2022 Survey of Consumer Finances. As shown above, the median American household reported a retirement account balance of $87,000 and a net worth of $192,700 in the ...
Connecticut residents have the highest retirement savings account balances out of the entire country with an average of $523,568 saved per household, according to Personal Capital.