retirement - Unusual Whales

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retirement

A collection of 5 posts

Almost 60% of Americans 45 and older expect their retirement savings to reach less than $500,000

Per Market Watch Most Americans aged 45 and older were now expecting their retirement savings to fall short of $500,000. To be specific 59% of them expected less than half a million in retirement savings. Schroders' head of U.S. defined contribution, Deb Boyden, gave a comment on

Q4 2022 average individual retirement account balance at $104,000 after a 20% drop

Per CNBC Americans' average individual retirement account savings have dropped significantly in the fourth quarter of 2022. After a 20% drop year-over-year, Americans have just $104,000 in their retirement savings accounts. Fidelity's president of workspace investing, Kevin Barry, gave a statement regarding how Americans were affected

Gen Z retirement savings average just $33,000

Per Yahoo Finance The retirement savings of Gen Z has come into question as a new report shows that the median for all of their retirement savings accounts sits at just $33,000. However, not all Gen Zers have reached working age. For those that are still confused, Gen Zs

France Raises Retirement Age Pension in 2030 from 62 to 64: Special Exemptions for Those Who Worked Before 20

Per PBS France is raising the age at which workers can enjoy full retirement pensions with special exemptions given to those who started working before they turned 20. The change is expected to occur in 2030 and will gradually start this year. French Prime Minister Elisabeth Borne announced that the

American Retirement Age Increased from 62.6 in 2021 to 64 in 2022

Per Northwestern Mutual A report from Northwest Mutual found that Americans had to work almost a year and a half to retire. While workers in the US used to retire earlier due to the economic situation, the study found that Americans now have to settle for working until age 64.