Take a look to see if you stand tall next to other Americans saving for retirement.
It can be a good practice to gauge how you compare to other Americans when it comes to your finances. Take into consideration your earnings, debt, savings, credit and spending and see how you measure up against the masses when it comes to the prospect of a good retirement.
Do you fare better or worse than your peers?
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Sources: Lisa, Andrew. “How Do Your Finances Measure Up to the Typical American’s?” GOBankingRates, 4 Jan. 2018, www.gobankingrates.com/net-worth/average-american-financial-statistics/; Elkins, Kathleen. “Americans Retire 8 Years Later than Workers in China—Here’s the Retirement Age around the World.” CNBC, CNBC, 15 Aug. 2017, www.cnbc.com/2017/08/15/the-average-retirement-age-in-the-us-and-other-countries.html; Keenan, Michael. “This Is All You Can Buy With the Average Social Security Check.” GOBankingRates, 31 Oct. 2017, www.gobankingrates.com/investing/buy-average-social-security-check; Campbell, Todd. “Average Americans’ 401(k) Contributions, by Age and Income.” The Motley Fool, The Motley Fool, 15 Jan. 2017, www.fool.com/retirement/2017/01/15/average-americans-401k-contributions-by-age-and-in.aspx.