Top 10% of Americans by Net Worth: Retirement Savings Insights
Saturday, 24 August 2024, 13:14
Top 10% of Americans' Retirement Savings
The top 10% of Americans by net worth had a median retirement account balance of $900,000 as of 2022. This number is particularly revealing as it is the median, not the average, and helps to illustrate the disparity in retirement savings.
Key Insights on Retirement Savings
- Understanding Wealth Distribution: The wealth gap is evident in the retirement savings of the top earners.
- Significance of Median Figures: Median balances provide a clearer picture than averages.
- Future Planning Considerations: These insights can inform strategies for 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.