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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.
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 ...
MoneyGeek reports on personal savings by income level, demographic, educational attainment and more.
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.
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.
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 ...
The average American's lack of savings paints a fairly discouraging picture of retirement. According to Pew Charitable Trusts, many Americans see themselves working past age 65 out of financial...