Data from the Fed shows how common retirement savings are among older Americans and the average amounts they report.

This article adheres to strict editorial standards. Some or all links may be monetized. Social Security benefits were meant to bolster existing retirement savings and pensions — not to make up for a ...

As Americans near retirement age, Fed data highlight wide gaps in who has savings and how much they’ve accumulated. Sara is an experienced writer, editor, and project manager who specializes in ...

Full retirement age rises to 67 in 2026 for anyone born in 1960 or later. Claiming at 62 instead of 67 cuts benefits by 30% for life. Delaying benefits until 70 increases monthly payments by 24% above ...