According to AARP, five Americans over the age of 50 have no retirement savings, and more than half the concern that they will not have enough money after leaving the workforce. survey,
However, where American workers live, their retirement may have a significant impact on the readiness.
Familiar with some major average of your state, from 401 (K) to average income, the expectations of life, the cost of life and more, can help you understand that you can help understand that for your golden years – or not – for your golden years.
Related: How much money do you need to retire comfortably in your state? Here is a breakdown.
Western and southern financial groups Those matrix and others were examined, where retired people have the best and worst readiness for retired people for retirement.
New Jersey, Connecticut, Maryland, Virginia and Vermont topped the states where people are most prepared for retirement as per study.
What is more, the residents of Connecticut and New Jersey reported the highest average of 401 (K) balance respectively: $ 546,000 and $ 514,000, respectively. Residents above 65 years of age in those states have high average income – more than $ 96,000.
Related: According to a new report, here are the best and worst states for retirement in 2025
According to the research, American residing in West Virginia, Mississippi, Arkansas, Tennessi and Arizona can make the worst disintegration in retirement.
Residents of Mississippi and Arkansas reported some of the remaining 401 (K), the lowest average of $ 348,000 and the lowest average of $ 364,000 respectively. In West Virginia and Arkansas, the average income of residents above 65 years of age is less than $ 58,000.
Related: These are the states where $ 1 million lasts for retirement saving (and where you will break in a short time)
See the full ranking of the retirement readiness of Americans of Western and Southern Financial Group by the western state:
Image Credit: Courtesy of Western and Southern Financial Group
According to AARP, five Americans over the age of 50 have no retirement savings, and more than half the concern that they will not have enough money after leaving the workforce. survey,
However, where American workers live, their retirement may have a significant impact on the readiness.
Familiar with some major average of your state, from 401 (K) to average income, the expectations of life, the cost of life and more, can help you understand that you can help understand that for your golden years – or not – for your golden years.
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