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    unusual_whales (unusual_whales@masto.ai)'s status on Wednesday, 16-Oct-2024 12:07:49 JSTunusual_whalesunusual_whales
    in reply to

    The median 401(k) balance for people in their 30s is around $22,100.

    Read more: https://t.co/eC4MU3SR4c

    #news #finance #economics #stocks #options

    In conversationabout 8 months ago from masto.aipermalink

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      Divorcees have lower 401(k) balances, less savings, and a more limited monthly retirement income than married people
      Meanwhile, People in their 30s might not be close to their retirement savings goals yet, but they still have plenty of time to catch up. On average, Americans believe they’ll need about $1.46 million to retire comfortably, according to Northwestern Mutual’s “2024 Planning and Progress” study. For millennials, most of whom are in their 30s, that number is slightly higher at around $1.6 million. However, many people in their 30s have saved far less than this. The median 401(k) balance for
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