Markets Reveal the 10 States with the Highest Average Investing for Retirement

Tuesday, 15 October 2024, 01:48

Markets show that investing in retirement varies significantly across states. Many savers are falling short of their retirement goals, with over $1 million in gaps. Discover how some states lead the way in average retirement nest eggs, influenced by local economics and demographics.
Businessinsider
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.


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