University of Southern California Investing and Retirement Discussion Now in a dose of reality, let’s talk about how much money the average American has ac

University of Southern California Investing and Retirement Discussion Now in a dose of reality, let’s talk about how much money the average American has actually saved for retirement. What do you think we could/should do about the enormous gap between retirement needs and actual retirement savings? What do you think could be done to promote more retirement savings? Do you think Millenials are more likely or less likely to be prepared for retirement than the baby boomers? What do you think will happen as these groups approach retirement age?

Check out this graph of the median amount the average family has saved for retirement. Note that the chart uses the median rather than the mean, or average, because this eliminates the effect of those with zero savings and those who are super-savers.

http://www.cnbc.com/2017/04/07/how-much-the-average-family-has-saved-for-retirement-at-every-age.html

MS Word Copy of CNBC article:

MS Word – CNBC here is how much the average family has saved 2017.docx

If you would like more information about the state of American retirement, you can read this full report where the CNBC article got its information from (the above figure is Figure 5 in the report).

The State of American Retirement: How 401 (k)s have failed most American workers

url below

or pdf file copy

state-of-american-retirement-final – Economic Policy Institute.pdf