Olde Hornet
Well-Known Member
Here’s How Much People Have Saved for Retirement in Every State
How good are the people in your state at saving for retirement?
It’s no secret that Americans have far too little in retirement savings. A recent GOBankingRates survey found that 42 percent of those surveyed have less than $10,000 saved for retirement, including 13.7 percent who have saved nothing at all.
The poll also found that among those who have been saving for retirement, 6.7 percent have saved between $10,000 and $49,999, 12.6 percent have saved between $50,000 and $99,999, 12 percent have saved between $100,000 and $199,999, 9.9 percent have saved between $200,000 and $299,999 and 16.5 percent have saved $300,000 or more.
The results vary at the state level, however, and the people in some states are more prepared for retirement than the people in others.
Click through for a state-by-state breakdown, and learn how much a comfortable retirement costs in each state.
Alabama
Most popular answer: Less than $10,000 saved
Like the vast majority of survey respondents in the rest of the United States, many Alabamians — nearly one in three — have less than $10,000 saved for retirement. That’s higher than the 28.6 percent of the larger American population that is in the same boat. The same percentage of Alabama respondents — 9.09 percent — reported savings of both $100,000 to $199,000 and $300,000 or more.