Markets Reveal the 10 States with the Highest Average Investing for Retirement
Analyzing Market Trends in Retirement Investing
Markets across the U.S. demonstrate diverse investing patterns for retirement savings. A Northwestern Mutual analysis of data from January 2024 highlighted a staggering gap of more than $1 million between desired retirement savings and actual savings. Empower's survey of 1,011 adults reveals critical insights.
States That Soar in Average Retirement Nest Eggs
Retirement investing varies significantly, with states in the Northeast generally outperforming the national average. Factors like state taxes, local salaries, and cost of living play a significant role in shaping these figures.
- 1. Massachusetts
- 2. New York
- 3. New Jersey
- 4. Maryland
- 5. Connecticut
- 6. Virginia
- 7. Pennsylvania
- 8. Rhode Island
- 9. Delaware
- 10. Vermont
As age increases, so does the typical savings amount. Understanding your state's position can provide crucial insights into your retirement planning.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.