Men Have Bigger Balances
Most of Us Will Save More This Year
What We'll Be Living On in Retirement
For most people, Social Security will account for a substantial portion of income in retirement.
Trending in the Right Direction
But Still Not Good Enough
The Natixis Global Retirement Report ranks the U.S. 19th, behind Australia (3), Germany (9), and Japan (13), but ahead of the United Kingdom (22).
The States That Save the Most
San Jose—home to many well-paid high-tech workers—leads the nation in 401(k) participation. Bringing up the rear: El Paso, Texas, where workers save just 5.7% of salary.
Are You Saving Enough?
The average employee is saving just over 8%, the highest rate in the past four years.