From Nasdaq: 2025-06-03 21:36:00

The typical U.S. household has a median retirement savings of just $200,000 at age 65, highlighting a financial crisis among older Americans. Investment management company T. Rowe Price recommends having 7.5 to 13.5 times your salary invested by age 65, equating to $600,000 to $1.1 million for a median household. Social Security, currently providing an average monthly benefit of $2,000, is facing solvency issues due to an aging population. It’s crucial to take control of your retirement by budgeting, paying off debt, and focusing on building your portfolio to secure your financial future.



Read more at Nasdaq: How Much Should Retirees Have Invested by Age 65?