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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.
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.
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 ...
The Federal Reserve's data on savings accounts reveals that the average American household has around $62,410 in various transaction accounts, including checking, savings, and prepaid cards.
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 ...
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 ...
Image source: Getty Images. The median savings in retirement accounts: $87,000. The Federal Reserve SCF defines retirement accounts as individual retirement accounts (IRAs), Keogh accounts, and ...