How little we save

Motley Fool: Saving in a Nation of Spenders. From Census data no age group had a median net worth above $32,000 when the value of their home was excluded. When home values were included the age group 70-74 had the highest median net worth at $120,000. More details are available through the Census Bureau. After homes, the next largest category of net worth assets are stocks and mutual funds.

Also the comparison of couples showed a married couple 55-64 had a median net worth, excluding equity in home, of $73,962, the highest amount of any group of couples. That’s 7 times greater than male or female households.

Those amounts are unbelievably low, especially give that more and more workers retire now without pension plans.

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