Sunday, April 29, 2018

"The Median U.S. Household Has Only $1,100 In Retirement Account Savings"

"The Median U.S. Household Has Only $1,100 In Retirement Account Savings"
by Jim Quinn

"Think about these charts for a minute and realize the implications:
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The median (50th percentile) U.S. household held only $1,100 in its retirement account. Even the 70th percentile of households had only about $40,000.
Click image for larger size.
Among these three age groups, households with heads who were ages 56 to 61 had the most savings, but under-participation continued to be a problem: The median of this group held only $25,000.”
"Golden Years", indeed... "run for the shadows".

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