According to an ARP, one out of five Americans aged 50 and older is not a savings of retirement, and more than half are feared that they will not have that much money after leaving the workforce. Survey.
However, where American workers live, their retirement preparation can have a significant impact.
Being familiar with some of the key average of your state, from 401 (K) balance to medium income, life expectancy, cost of living and much more, can help you understand how you are ready for your golden years – or not.
Related: How much do you need to retire comfortably in your state? This is a defect.
Western and South Financial Group These matriculation and others inspected that all 50 states can be classified where retirers have the best and worst preparations for retirement.
New Jersey, Connecticut, Maryland, Virginia and Vermont came to the top for the states where people are the most ready for retirement, according to this study.
In addition, residents of Connecticut and New Jersey reported on average 401 (K) Balance: 6 546,000 and 4 514,000, respectively. In these states, residents over 65 years of age are also higher – more than 000 96,000.
Related: According to a new report, here are the best and worst states for retirement in 2025
According to research, Western Virginia, Mississippi, Arkansas, Tennessee and Arizona can be the worst in US retirement.
Residents of Mississippi and Arkansas reported some average 401 (K) balance respectively in 8 348,000 and 4 364,000 respectively. In Western Virginia and Arkansas, the average income of residents over 65 years is less than 58,000.
Related: These are the states where the Million of Retirement Savings continues for 1 million the longest period (and where you will be broken at a time)
Check out the full rating of Americans’ retirement preparation through the state of Western and Southern Financial Group:
Image Credit: Courtesy of Western and Southern Financial Group
According to an ARP, one out of five Americans aged 50 and older is not a savings of retirement, and more than half are feared that they will not have that much money after leaving the workforce. Survey.
However, where American workers live, their retirement preparation can have a significant impact.
Being familiar with some of the key average of your state, from 401 (K) balance to medium income, life expectancy, cost of living and much more, can help you understand how you are ready for your golden years – or not.
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