{"id":1417,"date":"2023-07-27T16:30:57","date_gmt":"2023-07-27T23:30:57","guid":{"rendered":"http:\/\/chelandouglastrends.com\/newsletter\/?page_id=1417"},"modified":"2023-12-18T15:11:31","modified_gmt":"2023-12-18T22:11:31","slug":"sept23_short2","status":"publish","type":"page","link":"http:\/\/chelandouglastrends.com\/newsletter\/sept23_short2\/","title":{"rendered":""},"content":{"rendered":"
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Establishing a Retirement Plan<\/h2>

by Trends Staff<\/strong><\/p><\/div><\/div><\/div><\/div> <\/div>\n <\/div>\n <\/div>\n\t\t\t\t\t\t\t\t\t <\/div>\n\n <\/div>\n <\/div>\n\t\t\t\t

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Have you established a retirement plan yet? A USA Facts<\/a> article elaborated and visualized a decline in the number of American households that have defined a benefit plan. The article includes various interactive graphs showing the amount of money different age groups hold as a percentage.\u00a0<\/p>

How much savings should people have in their retirement account? $1,000? $10,000? $100,000? Regardless of the response, the first graph shows only 53% of Americans between the ages of 56-60 have more than $1,000 saved for retirement. Additionally, only 49% of Americans between the age of 56-60 have more than $10,000 saved for retirement. Furthermore, only 29% of Americans within the same age group have more than $100,000 saved for retirement. Choosing different saving thresholds allows you to see the percentage of Americans, by age group, who have a certain amount of money saved for retirement.\u00a0<\/p>

The following graph also allows users to choose a saving threshold ranging from $0 to $1 million. It displays four different graphs based on the type of account such as the following: retirement savings, checking and savings, financial assets, and net worth. In the United States, households near the age of retirement have lower percentages of people with more than $100,000 in each account. The last interactive graph provides a better understanding of where we each stand compared to different American households. The median household between the ages of 35 to 39 years old saved $2,500 in retirement savings, $3,000 in checking and savings, $14,000 in financial assets, and a net worth of $49,000. Cursoring to the graph reveals personal comparisons to American households based on a designated age, income, and value of net worth, financial assets, retirement savings, or checking and savings.\u00a0<\/p>

A trend is seen throughout all graphs shown: American households have decreasingly prioritized saving for retirement regardless of age group.<\/p><\/div><\/div><\/div><\/div> <\/div>\n <\/div>\n <\/div>\n\t\t\t\t\t\t\t\t\t <\/div>\n\n <\/div>\n <\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Establishing a Retirement Planby Trends Staff Have you established a retirement plan yet? A USA Facts article elaborated and visualized a decline in the number of American households that have… Read more »<\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"_links":{"self":[{"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/pages\/1417"}],"collection":[{"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/comments?post=1417"}],"version-history":[{"count":2,"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/pages\/1417\/revisions"}],"predecessor-version":[{"id":1435,"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/pages\/1417\/revisions\/1435"}],"wp:attachment":[{"href":"http:\/\/chelandouglastrends.com\/newsletter\/wp-json\/wp\/v2\/media?parent=1417"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}