Monday, May 06, 2013

Household Retirement Assets

How much have American households saved for retirement? By analyzing the 2010 Survey of Consumer Finances, the Congressional Research Service has the answers. Here are the numbers (and percents) of the nation's 118 million households by their retirement assets...

Distribution of households by retirement assets
$0: 58,363,198 (49.6%)
$1 to $50,000: 31,527,732 (26.8%)
$50,001 to $100,000: 8,325,406 (7.1%)
$100,001 to $500,000: 14,690,016 (12.5%)
$500,001 to $1,000,000: 2,919,566 (2.5%)
$1,000,001 to $1,500,000: 950,452 (0.8%)
$1,500,001 to $3,000,000: 658,961 (0.6%)
$3,000,001 or more: 173,886 (0.1%)

Note: Retirement assets include defined-contribution plans and IRA balances.
Source: Congressional Research Service, U.S. Household Savings for Retirement in 2010, (PDF) John J. Topoleski, April 30, 2013

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