Recent data shows that about 55% of Americans have enough saved to cover three months of expenses, an improvement from last year’s 50%. Median savings accounts hold $3,400 for Gen Z, $9,000 for Millennials, $9,600 for Gen X, and about $11,000 for Boomers. Only 49% of Americans spent less than they earned last year, making it “above average.” Despite market gains, 54% of pre-retirees still worry about outliving their savings. A financial advisor can help create a plan, regardless of your financial status.
Read more at Yahoo Finance: Are You Doing Better Than Most? Hitting Even 1 of These 3 Money Benchmarks Means You’re In The Top 50%
