Retirement Wealth: 55-64 Year Olds' Financial Picture
Update: 2025-12-25
Description
New Federal Reserve data unveils the financial standing of Americans aged fifty-five to sixty-four as retirement approaches. This group boasts a median net worth of three hundred sixty-four thousand two hundred seventy dollars, placing them among the wealthiest, just behind those aged sixty-five to seventy-four. Key assets include retirement accounts worth a median one hundred eighty-five thousand dollars and homes valued at three hundred fifty thousand dollars. However, debt remains a factor, with seventy-seven percent carrying an average debt of ninety thousand dollars, including auto loans and credit card balances. Regularly tracking net worth can help navigate the path to retirement.
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