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What are the median and average retirement savings for people under 35?

ngpf.org 9/12/24

Q:

INVESTING

QUESTION OF THE DAY

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INVESTING

A:

QUESTION OF THE DAY

Source: Visual Capitalist

Median = $19,000

Average = $48,000

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QUESTION OF THE DAY | INVESTING

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FOLLOW-UP QUESTIONS

  1. Why do you think it is so important to start saving for retirement at a young age?
  2. The average savings is much higher than the median. What does that tell you?
  3. When do you think that you will start to save for your retirement?

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