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Retirement savings in the US grow across all age groups
Six years ago, the stock market crash and ensuing Great Recession left millions of Americans unemployed and unable to contribute to any type of savings plan. The good news: In the years since, retirement savings have bounced back by some measures. Despite all the attention paid to insufficient total savings, median retirement savings among working-age households have grown considerably over the past five years, according to the 15th Annual Retirement Survey from the Transamerica Center for Retirement Studies. The survey tracked median retirement nest eggs among employed American baby boomers, Generation Xers, and Millennials between 2007 and 2014. For each age group, median savings either doubled or tripled within that seven-year span….Read More
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