Vanguard has released its “How America Saves 2025” report, providing insights into the savings habits of Americans through defined contribution plans. Statistics show that participation rates and average balances increase with age, with the average contribution rate at 7.7%. The report compares average and median account balances by age group, highlighting the differences. For those falling behind, there are tips to increase contributions gradually. The data serves as a valuable yardstick for retirement savings, offering motivation to reach financial goals. The report is based on Vanguard-administered plans and aims to help individuals assess their savings progress.

Read more at Nasdaq: This Is the Average Vanguard 401(k) Participation Rate by Age, According to a New Report. How Do You Measure Up to Your Peers?