The Average American Has This 401(k) Balance. How Do You Compare?

The Average American Has This 401(k) Balance. How Do You Compare?

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You may have heard warnings about the impending "retirement crisis" -- that Americans are not doing a great job of saving for retirement. While that's certainly true, it helps to look at the data to put this statement into perspective. With that goal in mind, here's how much average Americans have in their 401(k), and how to assess your own savings progress.

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