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Retirement Accounts Are Flush for Millions of Older Americans
By
Alex Tanzi
Analysis June 21, 2024 at 03:08 PM
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What You Need To Know
- Vanguard research found the top 5% of income earners among baby boomers had a savings surplus of almost 30%.
- Stock-market gains have helped bolster retirement savings for most older Americans, though the gap between upper-income earners and those at the bottom has grown.
- The value of equity and mutual fund holdings among those at least 55 years old have climbed $5.5 trillion in the past year.
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