Wednesday, July 10, 2013

Retirement Savings by Generation

Every generation boosted its retirement savings between 2007 and 2013, according to the 14th Annual Retirement Survey from the Transamerica Center for Retirement Studies.

  • Boomers have saved a median of $104,000 for retirement, up from $75,000
  • Gen Xers have saved a median of $45,000 for retirement, up from $32,000 
  • Millennials have saved a median of $19,000 for retirement, up from $9,000

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