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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.
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 ...
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 ...
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 ...
1. West Virginia. Annual cost of living: $49,260.94 Cost of living after using Social Security income: $27,123.82 How much you need in savings to retire: $678,095.40 Find Out: 2 Things Empty ...
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 ...