Never Retire - Pathetic Average Retirement Savings

These numbers surprised even me and make the Never Retire case clear

Right out of the gate.

Dig these numbers, via a Transamerica Center retirement study—

Total household retirement savings among all workers is $93,000 (estimated median). Baby Boomer workers have the most retirement savings at $202,000, compared with Generation X ($107,000), Millennials ($68,000), and Generation Z ($26,000) (estimated medians).

These numbers surprised even me, a traditional retirement pessimist.

However, I think I can explain why and what to do.

But first, thanks for subscribing to the Never Retire newsletter.

I like to be transparent, so here’s where we stand.

As I write this, we have 400 subscribers with more than 10% paying anywhere from $5/month to $50/year to $100-plus/lifetime for the paid version of the newsletter.

I’m told a paid-to-overall subscriber ratio of more than 10% is good.

So, again, thank you. I appreciate it.

With that said, let’s make sense of this surprising, but hardly shocking retirement savings data.