Tuesday, August 05, 2014

Median Retirement Savings Is Growing

Median amount households have saved for retirement, 2014 (and 2007), by generation...

Boomers: $127, 000 ($75,000)
Gen Xers: $70,000 ($32,000)
Millennials: $32,000 ($9,000)

Note: Median excludes those who said they were unsure or declined to answer—23 percent of Millennials, 17 percent of Gen Xers, and 19 percent of Boomers.
Source: Transamerica Center for Retirement Studies, 15th Annual Transamerica Retirement Survey, The Retirement Readiness of Three Unique Generations: Baby Boomers, Generation X, and Millennials

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