Top Retirement Stats for 2024

Top Retirement Stats for 2024

As we adapt to the new year, more Americans are identifying their top personal finance and retirement-related mistakes of 2023.

Clever, a real estate data company, compiled 99 personal finance statistics based on multiple consumer surveys.

By the numbers:

  • The average retiree has $170,726 in savings — down from $191,659 in 2022.
  • 22% of Gen Xers have nothing saved for retirement, and 43% regret not having saved more money.
  • 71% of retirees have non-mortgage debt, with an average balance of $19,888. Nearly one in five retirees (18%) have medical debt, with an average balance of $10,259.
  • 30% of retirees rely on Social Security as their sole source of income.

Published by

Darryl Hicks

Darryl Hicks is Vice President of Communications for the National Reverse Mortgage Lenders Association. In this capacity, Hicks writes for NRMLA's publications, manages the association's web sites and social media accounts, assists committees and the Board of Directors, and manages the Certified Reverse Mortgage Professional designation. Prior to joining NRMLA in 1999, Hicks spent three years in the Washington, D.C. bureau for National Mortgage News.