Retirement Savings: Age, Progress, and Full Picture

New Federal Reserve survey unveils retirement savings trends across ages in America. Participation in retirement accounts increases from around 50% for under 35s to 62% for 45-54 year-olds, then declines. Median balances grow over time, doubling from $19,000 for under 35s to $40,000 for 35-44 year-olds. Starting early and increasing contributions later can significantly impact retirement savings. Consider the full financial picture, including Social Security, pensions, and home equity, for a brighter retirement.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.