This Is the Average 401(k) Balance for People Ages 45 to 54
Comparing yourself to another investor isn't always helpful. That person may have a different starting point than you, or perhaps a differing degree of risk tolerance. It's all too easy to jump to an errant conclusion based on where you stand relative to anyone else.
Comparing yourself to everyone else, however, is a different story. This sort of yardstick lets you know how you stack up against the average person, and therefore reveals potentially useful feedback about your saving and investing habits.
To this end, let's consider the 401(k) balances of the typical American in the 45- to 54-year-old demographic today.
Source Fool.com
