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A Few Years Makes a Big Difference: Younger Boomers Have More Savings
Wells Fargo
Oct. 22, 2015
"The median savings of working Americans age 60 or older is $50,000 against a retirement savings goal of $300,000. Working Americans age 55-59 have saved three times as much as those age 60 or older, having amassed $150,000 toward a retirement savings goal of $500,000. The study also found that working Americans age 60 or older started saving for retirement at an average age of 37, whereas those ages 55-59 started saving at an average age of 31."
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