In retirement, net worth is a key indicator of financial health. Poor retirees have a net worth around $10,000, relying on Social Security. Middle-class retirees have a median net worth of $281,000, including home equity and retirement savings. Rich retirees start at $1.9 million, enjoying financial freedom. The average net worth for those aged 65 to 74 is $1,794,600.

However, $409,900 won’t provide enough retirement income for most Americans. Lifestyle and location impact financial security. Many seniors face debt, including medical, credit card, and mortgage debt. Determining economic class in retirement guides future planning. Understanding finances is crucial for a stable retirement.

Read more at Yahoo Finance: How To Tell Whether You’re Poor, Middle Class or Rich