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Connecticut leads the nation with an impressive average retirement savings of more than $200,000 higher than the national average. The state also ranked high for overall financial health, thanks ...
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.
51. Hawaii. Annual cost of living: $103,609.86 Cost of living after using Social Security income: $81,472.74 How much you need in savings to retire: $2,036,818.40 Jordan Rosenfeld, Jami Farkas and ...
Average 401(k) balance: $21,200 The state of Louisiana has a slightly higher average 401(k) balance than Mississippi at $21,200. The $1,000 difference could be attributed to the slightly higher ...
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 ...
MoneyGeek reports on personal savings by income level, demographic, educational attainment and more.
The wealthiest state for average retirement savings is Connecticut, at $545,754, with Alaska and Vermont following closely at $503,822 and $494,569, respectively.
The average household retirement account balance in 2022 was just under $334,000, according to the latest Survey of Consumer Finances. Before you panic, you should note that averages can be ...