This Is the Average Vanguard 401(k) Participation Rate by Age, According to a New Report. How Do You Measure Up to Your Peers?

Personal finance can be both simple and complex, with one of the biggest hurdles being on the emotional side of things. "Am I saving enough?" is one question many people end up asking themselves.Vanguard just released its "How America Saves 2025" report, and it can help you answer that question. As one of the country's largest asset management companies, Vanguard has shared data based on the many defined contribution plans that it administers. The data offers a unique snapshot of the savings habits of many Americans, by age, income, industry, and more.There are several types of defined contribution plans captured in the report, but the 401(k) is by far the most common and makes up the bulk of the included data. Read on to understand how your 401(k) stacks up against your peers.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool