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Share of households with retirement accounts and average retirement savings by household age and type

by Katherine Lim and Ashley Spalding
10/28/2024

Farm Household Well-being

Bar chart comparing the average amount of retirement savings and the share of households with retirement savings for farm households, all U.S. households, self-employed nonfarm households of all ages, and those age 65 and older.

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Researchers with USDA, Economic Research Service found that while median household income for U.S. farmers is higher than that of the general population, they have lower levels savings in retirement accounts. Younger farm households are more likely than older ones to have a nest egg.

Share of households with retirement accounts and average retirement savings by household age and type

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