Press Details
Americans in These States Are Not Saving Enough For Retirement
13. New Jersey
- Common retirement financial savings: $272,919
- Annual price of a snug retirement: $61,215
- How lengthy financial savings will final: 4.5 years
Whereas they’re doing higher than different states by way of uncooked financial savings, Jersey residents are going to be hit by retirement prices practically 20% larger than states like Pennsylvania, thus wiping out no matter slight benefit they could have had. In good — or dangerous — information, they’ve the second lowest share of people that reported no financial savings in any respect. So total there’s much less selection throughout the board and extra of the inhabitants is in the identical, ill-equipped boat.
Subsequent: Good morning, Baltimore? Not in retirement
