Retirement Savings: Young to Old
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
According to the Federal Reserve, half of Americans under 35 have a retirement account, with a median balance of nearly $19,000. This number increases with age, peaking in midlife. However, these statistics only represent account holders, excluding pensions, Social Security, and home equity. Starting early and consistently contributing are key to maximizing retirement savings.
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