20230331_Average_retirement_savings_account_balances_and_median_net_worth,_by_age,_US.svg

Summary

Description
English: Chart showing average retirement savings account balances and median net worth, by age, US
  • Data source: Dagher, Veronica; Tergesen, Anne; Ettenheim, Rosie ( March 31, 2023 ). " Here’s What Retirement Looks Like in America in Six Charts ". The Wall Street Journal . "(For Average household retirement savings account balance:) Estimates of 401(k), IRA, Keogh and other defined contribution account balances based on 2019 data. Source: Employee Benefit Research Institute. . . . (For median net worth:) Source: Federal Reserve."
  • Archive thereof: https://web.archive.org/web/20230331093530/https://www.wsj.com/articles/retirement-charts-social-security-savings-health-efa1962b
  • Suggested caption: Average balances of retirement accounts, for households having such accounts, exceed median net worth across all age groups. For those 65 and over, 11.6% of retirement accounts have balances of at least $1 million, more than twice that of the $407,581 average (shown). Those 65 and over have a median net worth of about $250,000 (shown), about a quarter of the group's average (not shown).
  • Technical note: most SVG code was automatically generated by the "Vertical bar charts" spreadsheet linked at User:RCraig09/Excel to XML for SVG . Additions and adjustments and conversion of account balances bar chart to a line chart were made manually in a text editor.
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Author RCraig09

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Captions

Chart showing average retirement savings account balances and median net worth, by age, US

Items portrayed in this file

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pension

inception

10 June 2023