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Visualizing America’s Average Retirement Savings, by Age



See this visualization first on the Voronoi app.

This bar chart shows America's average retirement savings by age.

Visualizing America’s Average Retirement Savings, by Age

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Painting a concerning picture, the median retirement savings for Americans stands at a mere $87,000, a figure far lower than what is needed for a comfortable nest egg.

This savings gap—the amount people have actually saved versus what they believe is needed for retirement—is significantly rising. In fact, a recent survey from Northwestern Mutual reveals that $1.46 million is the ideal savings target for retirement, up from $1.27 million last year.

This graphic shows the retirement savings that Americans currently hold, based on data from the Federal Reserve’s 2022 Survey of Consumer Finances.

Savings for Retirement Fall Short

Below, we show the average and median retirement savings in the U.S. by age group:

Age GroupAverage Retirement SavingsMedian Retirement Savings
Under 35$49,130$18,880
All families$333,940$87,000

For people aged 35 and under, the median savings were $18,880, while this amount increased to $200,000 for those aged 65 to 74.

At current rates, this means that older generations are living on a mere $10,000 per year in retirement based on these savings alone. Given this shortfall, Americans will need to increasingly rely on Social Security benefits to make ends meet. In fact, it’s estimated that state and federal governments will need $1.4 trillion for public assistance costs by 2040.

One reason behind declining retirement savings is the steep drop in employment-sponsored pension plans over the last several decades. As of 2022, there was $37.8 trillion held in U.S. pension plans and Individual Retirement Accounts (IRAs). Of these, employment-sponsored plans comprised a substantial 70% share of these assets.

However, for many Americans without employer-sponsored plans, saving for retirement has become an increasingly uphill battle. In fact, a separate survey shows that just 58% of Americans aged 55 to 64 have retirement accounts, underscoring the growing challenges faced in preparing for retirement.

Among the most common retirement planning mistakes are underestimating the impact of inflation, one’s life expectancy, and healthcare costs. To combat this problem, 12 states have adopted automated retirement savings accounts for private employees. These programs, impacting up to 56 million people, enroll employees automatically with the choice to opt out, to help encourage Americans to save for the future.

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Top 10 Countries Most in Debt to the IMF

Argentina tops the ranking, with a debt equivalent to 5.3% of the country’s GDP.



Bar chart showing the 10 countries most in debt to the IMF.

Top 10 Countries Most in Debt to the IMF

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Established in 1944, the International Monetary Fund (IMF) supports countries’ economic growth by providing financial aid and guidance on policies to enhance stability, productivity, and job opportunities.

Countries seek loans from the IMF to address economic crises, stabilize their currencies, implement structural reforms, and alleviate balance of payments difficulties.

In this graphic, we visualize the 10 countries most indebted to the fund.


We compiled this ranking using the International Monetary Fund’s data on Total IMF Credit Outstanding. We selected the latest debt data for each country, accurate as of April 29, 2024.

Argentina Tops the Rank

Argentina’s debt to the IMF is equivalent to 5.3% of the country’s GDP. In total, the country owns more than $32 billion.

CountryIMF Credit Outstanding ($B)GDP ($B, 2024)IMF Debt as % of GDP
🇦🇷 Argentina32604.35.3
🇪🇬 Egypt11347.63.1
🇺🇦 Ukraine9188.94.7
🇵🇰 Pakistan7374.71.8
🇪🇨 Ecuador6121.64.9
🇨🇴 Colombia3386.10.8
🇦🇴 Angola392.13.2
🇰🇪 Kenya3104.02.8
🇬🇭 Ghana275.22.6
🇨🇮 Ivory Coast286.92.3

A G20 member and major grain exporter, the country’s history of debt trouble dates back to the late 1890s when it defaulted after contracting debts to modernize the capital, Buenos Aires. It has already been bailed out over 20 times in the last six decades by the IMF.

Five of the 10 most indebted countries are in Africa, while three are in South America.

The only European country on our list, Ukraine has relied on international support amidst the conflict with Russia. It is estimated that Russia’s full-scale invasion of the country caused the loss of a third of the country’s economy. The country owes $9 billion to the IMF.

In total, almost 100 countries owe money to the IMF, and the grand total of all of these debts is $111 billion. The above countries (top 10) account for about 69% of these debts.

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