Retirement Accounts

 

On December 1, 2022, Britain's Office for National Statistics released the latest 10-yearly census, carried out in 2021, showing that the fastest-growing population in England and Wales is Muslims. According to the census:
"For the first time in a census of England and Wales, less than half of the population (46.2%, 27.5 million people) described themselves as 'Christian'..."

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Orthodox Jews make up 18 percent of U.S. kidney donors.

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71% of Americans said that, in the past 12 months, their community had experienced at least one of the five forms of extreme weather the Center’s survey asked about. Among those who had recently encountered extreme weather, more than eight-in-ten said climate change contributed at least a little to each type of event.


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Retirement Accounts

Among all adults, median retirement savings are $65,000, according to the Federal Reserve’s most recent data. The Federal Reserve also estimated that by retirement, that number would grow to an average of $255,200.

The average income for those in their 40s is just above $50,000, but the median retirement savings amount for this age group is $63,000.

Federal Reserve SCF Data of average retirement savings:

Ages 40-44

$101,899.22

A June 2022 study by Vanguard called “How America Saves 2022” calculated average and median retirement account balances of Vanguard account holders by age. Here’s how the numbers break out:

Vanguard Retirement Account Balances by Age
Age Bracket	Average Balance	Median Balance
25 and younger	$6,264	$1,786
25 – 34	$37,211	$14,068
35 – 44	$97,020	$36,117
45 – 54	$179,200	$61,530
55 – 64	$256,244	$89,716
65 and older	$279,997	$87,725