GITNUX MARKETDATA REPORT 2024

Must-Know Retirement Statistics [Recent Analysis]

Statistic 1

"Nearly 13% of the U.S population is at retirement age as of 2020."

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Statistic 2

"An estimated 10,000 people retire every day in the United States."

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Statistic 3

"More than 33% of retirees didn’t save for retirement in the 3 years prior to retirement."

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Statistic 4

"The average retirement age in the United States is 62."

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Statistic 5

"As of 2019, 15% of Americans have no retirement savings."

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Statistic 6

"Nearly 70% of employed individuals do not feel confident they will have enough money saved for retirement."

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Statistic 7

"The average retirement savings for families aged 56-61 is $163,577."

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Statistic 8

"Most American retirees are dependent on Social Security as their primary source of income."

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Statistic 9

"26% of retirees in the U.S have mortgage debt."

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Statistic 10

"As of 2018, 37% of non-retired adults did not believe they would have enough money to retire comfortably."

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Statistic 11

"As of 2020, the average 401(k) balance is $106,478."

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Statistic 12

"15.9% of workers expect to retire after age 65."

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Statistic 13

"Less than half (48%) of retirees feel confident about having enough money to take care of medical expenses during retirement."

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Statistic 14

"Only 32% of Americans are investing in an IRA for retirement savings."

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Statistic 15

"In 2018, 14% of Americans age 60 and older still carried student loan debt."

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