U.S. Household Savings for Retirement in 2010
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Topoleski, John J.
[Excerpt] This report provides data on a variety of household wealth measures in 2010 from the Federal Reserve’s triennial Survey of Consumer Finances. Although the amount of retirement assets is the primary focus of the report, other measures of wealth (such as the amount of total assets, financial assets, total debt, net worth, and housing equity) are also included. The report classifies the amount of assets and debt by the age of the head of the household for both single and married households. In general, the amount of household wealth is higher for married households than for single households. Household wealth generally increases as the age of the head of the household increases, although some measures decrease for those households in which the head of the household is aged 75 or older. In general, the median values are less than the average values, which is an indication that some households hold relatively large amounts of wealth compared with most households.
retirement; income; pension; savings