The average retired household spends nearly three times as much of their income on healthcare as working households according to the Kaiser Family Foundation, retired households spend 14% of their…

The average retired couple will pay $280,000 in medical expenses out-of-pocket. Fidelity Investments’ recently-released estimate finds that a couple who retires at age 65 in 2018 can expect to pay…

The median retirement savings in the U.S. is just $5,000 In mathematical terms, the median means that half of the data is lower and half is higher. So, this statistic…

Only 41% of African-American families and 26% of Hispanic families have retirement savings. In other words, the majority of African-American and Hispanic households have no retirement savings whatsoever. These percentages…

Fewer than 1 in 10 of low-income households have retirement savings. Just 8% of families in the lowest fifth of the income spectrum have any retirement account savings at all,…

The median retirement savings for 56-61 year olds is $17,000. Here’s a really scary statistic. As mentioned earlier, that the average retirement savings balance for this age group is $163,577.…

The average Social Security benefit is $1,409.91 for a retired worker. As of March 2018, the average retired worker gets a Social Security benefit of $1,409.91. This translates to an…

Average person with an outstanding 401(k) loan owes $9,700. On the surface, a 401(k) loan may sound like a good way to borrow money. After all, you’re paying yourself back…

The average 401(k) participant contributes 6.2% of income. According to the Vanguard “How America Saves” report, the average deferral rate was 6.2% in 2016, not including employer matching contributions. This…

33% of part-time workers have recently reduced their retirement contributions. This is nearly twice the percentage of part-timers who increased their retirement savings rate. One big reason is the lack…