Surprise! Your Retirement Savings Might Be Higher Than the Average American's.
Retirement savings are personal, and you can't really compare your journey to anyone else's. However, if you're curious about how you stack up against your peers, we've delved into the Federal Reserve's survey data from late 2022 to give you a better idea of how other Americans are doing.
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The median retirement savings for American households as of 2022 is $87,000, meaning half have more than this amount and half are on the other end of the spectrum. The average retirement savings, however, is higher at $333,945. This difference arises because some individuals have significantly larger nest eggs, which drive the average up.
Source Fool.com
