One in five Americans aged 50 and over has no retirement savings, and more than half worry that they won’t have enough money to last once they leave the workforce, according to an AARP survey.
However, where U.S. workers live can have a significant impact on their retirement readiness.
Getting familiar with some of the key averages in your state, from 401(k) balances to median incomes, life expectancies, cost of living and more, can help you understand just how prepared you are — or aren’t — for your golden years.
Related: How Much Money Do You Need to Retire Comfortably in Your State? Here’s the Breakdown.
Western & Southern Financial Group examined