3 Simple Ways to Catch Up on Retirement Savings
It's not a secret that a large percentage of working Americans are behind on retirement savings. In fact, the typical worker aged 32 to 61 has an average savings of just $95,776, and while that's not necessarily terrible for someone in his or her early 30s, if you're at or pushing 60, it's a definite problem.
Now to be fair, this number improves a bit among older working Americans -- those aged 50 to 55 have an average of $124,831 socked away, while those aged 56 to 61 have a $163,577 nest egg, on average. Still, even with Social Security thrown into the mix, that's not nearly enough to sustain the typical senior, especially since as per the latest projections, the average healthy 65-year-old today will spend $200,000 or more on healthcare in retirement alone.
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Source: Fool.com
