Research

Inadequate Retirement Account Balances for Families Nearing Retirement

June 1, 2015

This policy note illustrates that the average total balance in all retirement accounts is inadequate for retirement security.

Americans nearing retirement do not have enough savings to support their standard of living in retirement. Over 28% of American families ages 50-64 have nothing saved for retirement. The average total balance in all retirement accounts is $150,000, an amount considered inadequate for retirement security.

Authors: Teresa Ghilarducci, Bridget Fisher, Siavash Radpour and Joelle Saad-Lessler
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