One in 5 People aged 50 and over has no retirement financial savings, and greater than half fear that they will not come up with the money for to final as soon as they go away the workforce, in keeping with an AARP survey.
Nonetheless, the place U.S. employees reside can have a big impression on their retirement readiness.
Getting conversant in among the key averages in your state, from 401(okay) balances to median incomes, life expectations, price of dwelling and extra, may help you perceive simply how ready you might be — or aren’t — to your golden years.
Associated: How A lot Cash Do You Must Retire Comfortably in Your State? Here is the Breakdown.
Western & Southern Monetary Group examined these metrics and others to rank all 50 states based mostly on the place retirees have the very best and worst readiness for retirement.
New Jersey, Connecticut, Maryland, Virginia and Vermont got here out on prime for states the place individuals are most ready for retirement, per the examine.
What’s extra, residents in Connecticut and New Jersey reported the very best common 401(okay) balances: $546,000 and $514,000, respectively. Residents over the age of 65 in these states even have excessive median incomes — over $96,000.
Associated: Right here Are the Greatest and Worst States for Retirement in 2025, In keeping with a New Report
People dwelling in West Virginia, Mississippi, Arkansas, Tennessee and Arizona might fare the worst in retirement, in keeping with the analysis.
Mississippi and Arkansas residents reported among the lowest common 401(okay) balances, at $348,000 and $364,000, respectively. In West Virginia and Arkansas, residents over the age of 65 have median incomes below $58,000.
Take a look at Western & Southern Monetary Group’s full rating of People’ retirement readiness by state under:
Picture Credit score: Courtesy of Western & Southern Monetary Group
One in 5 People aged 50 and over has no retirement financial savings, and greater than half fear that they will not come up with the money for to final as soon as they go away the workforce, in keeping with an AARP survey.
Nonetheless, the place U.S. employees reside can have a big impression on their retirement readiness.
Getting conversant in among the key averages in your state, from 401(okay) balances to median incomes, life expectations, price of dwelling and extra, may help you perceive simply how ready you might be — or aren’t — to your golden years.
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One in 5 People aged 50 and over has no retirement financial savings, and greater than half fear that they will not come up with the money for to final as soon as they go away the workforce, in keeping with an AARP survey.
Nonetheless, the place U.S. employees reside can have a big impression on their retirement readiness.
Getting conversant in among the key averages in your state, from 401(okay) balances to median incomes, life expectations, price of dwelling and extra, may help you perceive simply how ready you might be — or aren’t — to your golden years.
Associated: How A lot Cash Do You Must Retire Comfortably in Your State? Here is the Breakdown.
Western & Southern Monetary Group examined these metrics and others to rank all 50 states based mostly on the place retirees have the very best and worst readiness for retirement.
New Jersey, Connecticut, Maryland, Virginia and Vermont got here out on prime for states the place individuals are most ready for retirement, per the examine.
What’s extra, residents in Connecticut and New Jersey reported the very best common 401(okay) balances: $546,000 and $514,000, respectively. Residents over the age of 65 in these states even have excessive median incomes — over $96,000.
Associated: Right here Are the Greatest and Worst States for Retirement in 2025, In keeping with a New Report
People dwelling in West Virginia, Mississippi, Arkansas, Tennessee and Arizona might fare the worst in retirement, in keeping with the analysis.
Mississippi and Arkansas residents reported among the lowest common 401(okay) balances, at $348,000 and $364,000, respectively. In West Virginia and Arkansas, residents over the age of 65 have median incomes below $58,000.
Take a look at Western & Southern Monetary Group’s full rating of People’ retirement readiness by state under:
Picture Credit score: Courtesy of Western & Southern Monetary Group
One in 5 People aged 50 and over has no retirement financial savings, and greater than half fear that they will not come up with the money for to final as soon as they go away the workforce, in keeping with an AARP survey.
Nonetheless, the place U.S. employees reside can have a big impression on their retirement readiness.
Getting conversant in among the key averages in your state, from 401(okay) balances to median incomes, life expectations, price of dwelling and extra, may help you perceive simply how ready you might be — or aren’t — to your golden years.
The remainder of this text is locked.
Be part of Entrepreneur+ immediately for entry.
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