Story perspectives

62% of Households in 40s-50s Have Retirement Accounts

3/24/2026

Summary

Story summary

The Federal Reserve reports that about 62% of U.S. households headed by adults in their 40s and 50s had retirement accounts in 2022, the highest rate since 2007.
In 2022, the median retirement balance for those with accounts was $115,000.
Experts say decisions made now can significantly impact future financial security.
Strategies to improve retirement readiness include catch-up contributions, reducing debt, and avoiding panic-selling during downturns.

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Story summary

The Federal Reserve reports that about 62% of U.S. households headed by adults in their 40s and 50s had retirement accounts in 2022, the highest rate since 2007.
In 2022, the median retirement balance for those with accounts was $115,000.
Experts say decisions made now can significantly impact future financial security.
Strategies to improve retirement readiness include catch-up contributions, reducing debt, and avoiding panic-selling during downturns.